Expense Ratios of Mutual Funds in India
It’s hard to find what Indian mutual funds charge their customers to manage their money for them. The so called “expense ratio.” Try to find it on, say, the UTI website, or SBI’s MF website. Also, since January 2013, SEBI (the market regulator) made it mandatory for all mutual fund houses (AMCs) to offer what is called a direct plan. Every fund offered by every AMC will have a direct plan where the AMC will charge you a lower expense ratio. This is the money saved by the AMC because you went directly to them, and not through your neighborhood bank branch manager or ShareKhan. This lower expense ratio is also hard to find. ...