Investors using direct plans of mutual funds to buy equity schemes have a reason to cheer. Two fund houses have trimmed the total expense ratio (TER), or the cost which an investor pays for buying a mutual fund, of direct plans and others are expected to follow after the capital markets regulator put restrictions on the fees that asset managers can charge investors.
As per a Sebi circular dated October 22, “All fees and expenses charged in a direct plan (in percentage terms) under vario ..
