SEBI has capped mutual fund brokerage fees at 6 bps, effective immediately, as part of its efforts to overhaul fee structures for better cost control and clearer disclosures. Meanwhile, mutual fund AUM grew by 5% to ₹13.67 lakh crore in October, driven by strong inflows into gold ETFs, which saw an additional ₹7,743 crore. Equity fund inflows dropped by 8.8% to ₹6,026 crore, while long-term assets reached ₹37 lakh crore.

The Securities and Exchange Board of India (Sebi) has introduced a significant overhaul in how mutual fund expenses are charged, aiming to improve transparency and lower costs for investors. By introducing the Base Expense Ratio (BER), Sebi has drawn a clear line between core fees and other costs, allowing investors to better understand where their money is going. The move also reduces brokerage fees in the cash and derivatives markets.