Mumbai, Dec. 18 -- India's market regulator, the Securities and Exchange Board of India, on Wednesday (17 December 2025) rolled out a fresh framework for how mutual fund costs are charged and disclosed, aiming to make fees clearer and strengthen safeguards for investors.

Earlier, mutual fund expense limits bundled multiple statutory and regulatory charges together. This often blurred the true cost of fund management for investors. The Securities and Exchange Board of India has now separated these elements to improve clarity.

At the centre of the change is a new measure called the Base Expense Ratio, or BER. This will reflect only the core fee charged by a mutual fund scheme for managing investors' money. Taxes and regulatory charges wil...