SEBI notifies new mutual fund regulations, effective April 1

The SEBI has notified the SEBI (Mutual Funds) Regulations, 2026, which will come into effect from April 1. Under the new rules, total expense ratio (TER) will only include the base expense ratio, brokerage cost, transaction cost, statutory levy and exit load. The regulations also rationalised brokerage limits and strengthened trustee oversight.