India’s mutual fund investors are set to benefit as Securities and Exchange Board of India lowers base expense ratio limits across categories. The cap for index funds and ETFs has been reduced to 0.9% from 1%, while equity-oriented schemes will now have a lower ceiling of 2.10% versus 2.25% earlier. Fund-of-funds investing in passive products will also see tighter limits. Market experts call this a clear win for unit holders, as lower costs can directly improve long-term returns, especially for