Business Sebi reduces total expense ratio of mutual funds: Here is what experts have to say Updated : September 27, 2018 09:29 PM IST Sebi, in its board meeting, announced changes in the total expense ratio (TER) of mutual funds. The changes may bring in transparency in the appropriation of expenses, and reducing mis-selling and churning. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.