Sebi has proposed a significant overhaul of the fee structure of the mutual fund industry as it seeks a transparent break-up of costs that fund houses charge investors. The move is part of the regulator’s effort to ease rules, improve transparency, and reduce costs for unit holders.

In a consultation paper released on Tuesday, Sebi said the mutual fund industry has witnessed significant growth and transformation in terms of practices and technology adoption in investment management.

“Numerous amendments over last 29 years have contributed to MF regulations becoming considerably voluminous and complex. Hence, Sebi has undertaken an exercise to comprehensively review MF regulations,” the paper said.

Sebi has sought public comments on the proposals latest by November 17.

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