In December 2025, the Securities and Exchange Board of India (SEBI), at its 212th board meeting held in Mumbai, Maharashtra, approved a series of regulatory reforms aimed at simplifying market regulations, lowering transaction costs and enhancing cost transparency.
Rationalisation of brokerage limits:
Cash market transactions: The existing brokerage cap of 12 bps includes statutory levies. The cap on brokerage, net of statutory levies amounts to 8.59 bps, which has nowbeen reduced to 6 bps (exclusive of levies).
Derivative  transactions: The  existing  brokerage  cap  of  5  bps includes statutory levies. The cap on brokerage, net of statutory levies amounts to 3.89 bps, which has now been reduced to 2 bps

• The additional 5 bps currently permitted to be charged to schemes with exit loads as a transitory measure has now been removed.

Other Key Highlights:
Unclaimed Amount transfer: Presently unclaimed amounts are transferred to the Investor Education and Protection Fund (IEPF) / Investor Protection and Education Fund (IPEF) after 7 years of remaining unclaimed.
MF Regulations 2026: The SEBI Board, at its meeting held on December 17, 2025, approved the changes  proposed,  pursuant  to  the  review  of  the  SEBI  (Mutual  Funds) Regulations, 1996. The new SEBI (Mutual Funds) Regulations, 2026, are designed  to  offer  stakeholders  greater clarity,  improved  readability,  and enhanced structural coherence.