Investors in at least four large index funds — among the cheapest equity schemes — will have to shell out more money every year to asset managers to handle their money. SBI Mutual, HDFC Mutual, UTI Mutual and Tata Mutual have raised the Total Expense Ratio — the annual fee that fund houses deduct from unitholders — of index funds that track the Nifty and Sensex by at least 77% in recent weeks.
Can the defence sector continue firing after 100% gains?
Read More
