The Securities and Exchange Board of India (Sebi) at its board meeting last week set easier guidelines for mutual-fund investment and companies aiming for an initial public offering (IPO). Compliance on raising listed debt has also been eased with a change of thresholds for high-value debt listed entities (HVDLE), where stricter norms will now kick in at an outstanding debt worth ₹5,000 crore, instead of ₹1,000 crore. Mutual-fund investing may become cheaper and more transparent as new Mutual Fund Regulations replace the Mutual Fund Regulations, 1996. One key change is the treatment of the expense ratio with a new concept,

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