How can a tiny 20 bps cut in mutual fund expense ratio help investors save lakhs?

SEBI's bifurcation of the amount of money mutual fund companies charge investors for helping invest their money may help lakhs of investors save more. According to Moneycontrol, even a tiny 20 bps expense ratio cut on a ₹10-lakh investment with 12% CAGR could help save ₹2.95 lakh extra in 20 years. In 15 years, the savings would be ₹1.34 lakh.