The reduction in expense ratio of mutual funds is expected to help investors to save around Rs 1,300-1,500 crore every year, according to Sebi estimates. Sebi slashed the total expense ratio (TER) charged by mutual funds two weeks ago.
The TER for open-ended equity and debt mutual fund schemes was reduced by 25 bps. TER for open-ended equity scheme was capped at 2.25 per cent and that for debt funds was capped at 2 per cent. In case of close-ended and interval schemes, TER for equity-o ..
