Following SEBI’s direction to fund houses to disclose total expense ratio (TER) of each scheme under both regular and direct plans on a daily basis, AMFI has introduced a new feature in its website through which you can visit the link of such disclosures of all fund houses at one place.
In addition, SEBI has changed the format of TER disclosure on a scheme information document (SID). Under this new format, fund houses will have to disclose prominently the TER of regular and direct plan in a specified format.
You can login to www.amfiindia.com and simply click on ‘TER of MF Scheme’ on the left hand side of the webpage to check TER. Once you select the fund house, the system will land you to a separate tab called ‘Total Expense Ratio of Mutual Fund Schemes’ of the fund house. Finally, you have to choose the scheme and date for which you want to check TER to download the TER spreadsheet.
It is pertinent to mention here that this disclosure has come after SEBI observed frequent changes in TER in MF schemes. In addition, SEBI found that a few AMCs do not intimate investors about such changes. “AMCs shall prominently disclose on a daily basis, the TER (scheme-wise, date-wise) of all schemes under a separate head – Total Expense Ratio of Mutual Fund Schemes on their website and on the website of AMFI in downloadable spreadsheet format,” said SEBI in a circular.
