<h1>Mutual fund expense metrics restructured and IPO disclosures streamlined to ease compliance and boost retail debt participation.</h1> Regulator introduces a base expense ratio excluding statutory levies while retaining TER as BER plus brokerage, regulatory and statutory levies; lowers brokerage caps and removes an additional exit load. It streamlines IPO disclosures by replacing the abridged prospectus with a concise standardised summary available earlier in the process, abolishes Letters of Confirmation in favor of direct demat credits after due diligence, and eases debt-market rules by allowing targeted incentives, raising the HVDLE threshold, permitting broader ratings by CRAs, and consolidating transfer of unclaimed amounts after seven years.