New Delhi, Dec. 18 -- India's capital market regulator, the Securities and Exchange Board of India (Sebi), has reduced the expense ratio, the annual fee mutual fund asset management companies (AMCs) charge to an investor to manage their money. Sebi's move is aimed at removing complexities from how expenses are charged by the fund houses, as well as bringing more clarity and strengthening investors' interests.

Sebi, as Mint reported earlier, on Wednesday decided to trim brokerage costs that mutual funds can charge investors to 6 basis points (bps) from the current 12bps in the cash market, while for the derivatives segment, brokerage limits have been reduced to 2bps from the current 5bps. The market regulator also scrapped the additional ...