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SEBI Signals Possible Revision of Brokerage Fee Cap for Indian Mutual Funds
SEBI may raise the proposed brokerage-fee cap for mutual funds after industry concerns about research access and competitiveness.
On 6 November 2025, the Securities and Exchange Board of India (SEBI) indicated it may raise the proposed cap on brokerage fees paid by mutual funds after industry push-back. The initial plan sought to cut the cap from 12 basis points to 2 for cash-market trades. Institutional brokers and asset-managers argued that such a steep cut could hurt research budgets and favour foreign players. SEBI said consultations will conclude by mid-November before finalising the new fee cap.