Mumbai, Dec. 17 -- The capital markets regulator has slashed the brokerage fees that mutual funds can charge and approved new rules to simplify public-lisiting disclosures, among other measures, to protect retail investors and improve compliance.

The Securities and Exchange Board of India (Sebi) cut brokerage costs that mutual funds can charge investors to 6 basis points (bps) from the current 12bps in the cash market, according to the decisions announced after the regulator's board meeting on Wednesday.

For the derivatives segment, brokerage limits have been reduced to 2bps from the current 5bps.

The Sebi board also scrapped the additional 5bps charged over the exit load or the fee levied when investors redeem their investments.

The ...