Markets regulator Securities Exchange Board of India (SEBI) extended the deadline for public comments on its proposal to overhaul mutual fund regulations. Investors, fund houses, and other stakeholders now have until November 24 to provide feedback, a week later than the earlier November 17 deadline.

The consultation paper, first released on October 28, seeks to bring clarity to Total Expense Ratio (TER) definitions and revise limits on brokerage charges, aiming to simplify compliance and reduce redundancies in mutual fund operations.

What is TER and why it matters

TER represents the total cost of running a mutual fund, including management fees, operational expenses, and certain statutory charges. It directly affects investors’ returns: the higher the TER, the more it eats into the fu

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