Direct plans of equity schemes of most of the big mutual fund houses to become costlier due to increase in the base total expense ratio (TER) under these schemes. Top AMCs including SBI Mutual Fund, ICICI Pru Mutual Fund, Nippon India Mutual Fund, Axis Mutual Fund, Franklin Templeton Mutual Fund, DSP Mutual Fund and Mirae Asset Mutual Fund announced to increase the base TER of their equity schemes- direct plan in August and late July. Here are the details.
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