India’s capital markets regulator SEBI released a draft proposal to remove the additional five-basis-point charge levied on mutual fund schemes. The move aims to directly enhance investor gains by reducing overall expense ratios. The consultation paper invites public comments until November 17. Analysts said the change would improve transparency and benefit long-term SIP investors. Fund managers expect stronger retail participation as cost efficiencies pass through to end users. The decision marks another step in SEBI’s ongoing reforms to rationalize investment expenses.