Top News and Market Movers This Week
SEBI Reforms to Cut Mutual Fund Costs
SEBI has proposed major reforms to make mutual fund investments more transparent and cost-effective. The regulator plans to simplify expense structures by removing the extra 5 basis points (bps) that fund houses charge for distribution, while slightly raising the expense ratio cap in initial slabs to balance the impact. It also suggested keeping statutory taxes like GST, STT, CTT, and stamp duty outside the total expense ratio (TER), ensuring tax changes directly affect investors. Additionally, SEBI proposed reducing brokerage fees—from 12 bps to 2 bps in the cash market and from 5 bps to 1 bps in derivatives—to enhance cost efficiency and investor trust.
IPOs
Lenskart Solutions Ltd IPO, open from October 31 to November 4, 2025, was subscribed 1.13 times on day one, reflecting optimism about its brand strength. Studds Accessories Ltd IPO, running from October 30 to November 3, drew 5.08 times subscriptions, led by strong NII and retail interest.
NFOs
LIC MF Consumption Growth, Axis Income Plus Arbitrage FoF, Nifty Midcap 150 Index Fund, and Qsif Equity Ex’s Top 100 Long Short Growth offer diverse investment themes across consumption, arbitrage, mid-caps, and alternative equity strategies.
