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Capital markets regulator Sebi has revised the base expense ratio (BER) of mutual funds across categories in a board meeting, according to ET Now. The regulator’s board approved separation of all statutory levies from the base expense ratio such as securities transaction tax (STT), GST and stamp duty.
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Sebi approved reforms to simplify IPO rules, tightening enforcement of non-promoter share lock-ins and introducing early-stage abridged prospectuses to improve transparency, investor understanding and post-listing supply discipline, while reducing compliance friction and streamlining fundraising timelines for issuers
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