<h1>Securities regulator reviews mutual fund rules to boost investor participation and simplify lengthy regulations for industry growth</h1> The securities regulator is conducting a comprehensive review of mutual fund regulations to enhance investor-centricity and industry-friendliness. A senior official announced plans to simplify existing lengthy regulations and release draft rules for consultation without specifying timelines. The review includes scheme categorization norms and advisory function regulations. Despite the industry crossing significant asset milestones with monthly contributions reaching substantial figures, the investor base remains limited to five percent of the population. The regulator approved new product categories for mid-tier investors and faster registration processes for portfolio management services. Officials emphasized the transition from financial inclusion to financial well-being, noting domestic mutual fund assets represent only twenty percent of GDP compared to the global average of sixty-five percent.