The Securities and Exchange Board of India has extended the public consultation deadline for its mutual fund regulation overhaul to November 24, 2025. The proposed reforms seek to redefine total expense ratios, limit brokerage payouts, and streamline compliance across asset‑management firms. The move reflects SEBI’s intent to promote greater transparency and investor protection in mutual funds. Industry participants now have additional time to submit comments on the draft framework, which aims to balance operational flexibility for fund houses with simpler disclosure norms for end investors.