Business Sebi review expenses ratio charged by mutual fund schemes Updated : September 18, 2018 07:04 PM IST In order to curb total expense ratio, Sebi undertook an internal study and the observations was placed in a meeting of the Mutual Fund Advisory Committee. The mutual fund industry must adopt the full trail model of commission in all schemes without payment of any upfront commission or upfronting of any trail commission. 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.