Sebi to Overhaul Mutual Fund, Broker Rules

India's stock market regulator, Sebi, is planning a big update to the rules for mutual funds and stock brokers.

They will talk about these changes on December 17th.

The new rules aim to make costs more transparent and update old rules that no longer fit today's markets.

Some companies that manage investments are worried that these changes might reduce their income.

Sebi is also looking at rules for its own employees to avoid conflicts of interest.

They want employees to share information about their assets and any potential conflicts before they are hired.

Some employees are concerned about privacy, but Sebi might make some changes to address these concerns.