On 7 November 2025, the Securities and Exchange Board of India signaled it may revise its proposal to cap brokerage fees paid by mutual funds following concerns from asset managers and brokers. The original draft sought to reduce the cap from 12 basis points to 2, which several stakeholders said could impact liquidity and research quality. SEBI will review the feedback and issue a final framework later this month, aiming to balance cost efficiency and market development.