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This refers to ‘Tatas’ tussle raises governance questions’ (October 30). The ongoing discord within Tata Trusts, the principal shareholder of Tata Sons, merits regulatory attention as well, given that Tata Sons has been classified by the RBI as an “upper-layer” NBFC, which ordinarily requires listing within three years unless exempted. The Shapoorji Pallonji (SP) Group, a minority shareholder, has supported listing to enhance transparency and provide an exit route, while the Noel Tata-led faction reportedly resists it to maintain the current control structure. The boardroom move to remove Mehli Mistry appears to reflect deeper differences over governance, transparency, and strategic direction rather than a single dispute. It is unfortunate that after Ratan Tata’s passing in October 2024, the group he once held together with quiet authority is now mired in public disagreements that risk denting its long-guarded reputation for probity and cohesion. Srinivasan Velamur Mutual fund fees This refers to ‘SEBI move to change fee plan to hit MF margins’ (October 30). SEBI’s proposal to revise mutual fund fees is a welcome effort to ease costs for investors. Removing the additional 5 basis points and lowering the total expense ratio can improve returns in the long run. However, smaller fund houses may feel the strain of reduced margins despite a slight fee increase for low AUM schemes. Past reforms show that transparency must be matched by market sustainability. Many investors overlook that even small fee cuts compound to significant savings over time. A balanced, carefully monitored approach can foster trust and preserve diversity in India’s growing mutual fund industry. S Balasubramaniyan Villupuram, TN Implementing SIR 2.0 This refers to ‘How SIR 2.0 is different from the Bihar exercise’ (October 30). Streamlining and decluttering the voter list across election-bound States under Special Intensive Revision 2.0 have gained attention among all political parties. While this paves way for eliminating redundancy through removal of duplicate names, those who had passed away and those who had not been at the given dwelling place for quite long, the new approach in fresh filing of necessary forms physically at the designated counters needs a second thought. This would create chaos at the designated offices. The Election Commission needs to leverage technology, making available the facility to submit forms, along with document proof, online RV Baskaran Published on October 30, 2025
