Is Your Fund Manager Hiding Costs? How SEBI’s New ‘Unbundled’ Rules Change Your Bill from April 1

India’s mutual fund industry is bracing for a change in how it bills its 40 million investors. Starting April 1, 2026, the Securities and Exchange Board of India (SEBI) will enforce a strict unbundling of the Total Expense Ratio (TER), effectively stripping away the “black box” p

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