New Delhi, Oct. 29 -- Fund houses are not content with the Securities and Exchange Board of India's sweeping overhaul of the mutual fund sector proposed on Tuesday. The market regulator has recommended capping brokerage and transaction fees levied by mutual funds. Sebi also proposed to relax business restrictions on mutual funds.

Mint breaks down how the proposed reforms will impact mutual funds and retail investors.

The market regulator has proposed capping the brokerage and transaction costs that asset management companies (AMCs) can charge investors, which are currently levied over and above the Total Expense Ratio (TER). This ratio is the annual cost that a mutual fund charges its investors. It includes management fees (what the fun...