Mutual Funds revamp expense ratios as SEBI’s 2026 rules kick in

In line with the new SEBI (Mutual Funds) Regulations, 2026, effective April 1, leading fund houses, including Quant, JM Financial, ICICI Prudential, Aditya Birla Sun Life, Baroda BNP Paribas, PGIM India, Invesco, and Edelweiss, have rolled out notice-cum-addendums revising expense structures across their schemes.

The updates primarily impact the Annual Scheme Recurring Expenses (ASRE) and Total Expense Ratios (TER) outlined in key documents such as SIDs and KIMs, while all other scheme features remain unchanged.

Quant Mutual Fund: Revised annual scheme recurring expenses

JM Financial AMC: Updated expense ratio limits

ICICI Prudential Mutual Fund: Changes in recurring expenses

Aditya Birla Sun Life AMC: Total expense ratio adjustments

Investors should note that only the expense structures have been revised. The notice-cum-addendums are an official part of the SIDs and KIMs and should be reviewed alongside them. Investors should check these updates with their respective fund houses before making any investment decisions.

Baroda BNP Paribas Mutual Fund: Expense ratio revision

Baroda BNP Paribas AMC has announced changes to the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI). In line with the SEBI (Mutual Funds) Regulations, 2026, the computation of expense ratios will be revised from April 1, 2026. Relevant sections in the documents will be updated, while all other scheme features remain unchanged.

PGIM India Mutual Fund: Updates to scheme documents

PGIM India AMC will implement changes to SIDs and KIMs across all existing schemes, effective April 1, 2026, in accordance with the new SEBI regulations. Apart from these updates, all other terms and conditions of the schemes will continue as before.

Invesco Mutual Fund: Changes in recurring expenses

Invesco Mutual Fund has revised provisions related to expenses charged to schemes under the ‘Annual Scheme Recurring Expenses’ section of SIDs. The changes will take effect from April 1, 2026, with corresponding updates in SIDs and KIMs. Other scheme features remain unchanged.

Edelweiss Mutual Fund: TER framework restructured

Edelweiss AMC has announced revisions to the Total Expense Ratio (TER) framework following SEBI’s updated regulations. The changes, effective April 1, 2026, will be reflected in the SIDs and KIMs, while all other terms of the schemes remain the same.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Investors should do their own research or consult a registered financial advisor before making investment decisions.