MF News Direct plans being undercut in race for AUM

Direct plans being undercut in race for AUM

Source: Livemint Jan 5, 2016

All mutual fund (MF) schemes charge investors ‘expenses’. Capped by the capital market regulator, Securities and Exchange Board of India (Sebi), equity funds can charge up to 2.5% of their weekly average net assets and debt funds can charge up to 2.25%.

Yet there are funds that charge investors nothing, or even next to nothing. Take a look at direct plans of some liquid funds and fixed maturity plans (FMPs).

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