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SEBI re-considers cut in brokerage cap for mutual funds amid push-back
SEBI signals it may ease a planned sharp cut to brokerage fees for Indian mutual funds after industry objections.
On 6 November 2025, the Securities and Exchange Board of India (SEBI) said it is open to raising its proposed cap on brokerage fees paid by mutual funds after industry concerns about research access and competitiveness. The initially proposed reduction would have trimmed fees from 12 basis points to 2 basis points for cash-market trades. Asset managers argued the steep cut could hamper research quality and favour foreign players. The regulator’s consultation is expected to conclude by mid-November.