The Rs 39-trillion domestic mutual fund (MF) industry has scored an ‘average’ on Morningstar Inc’s fees and expense scorecard — indicating there is more legroom to bring down the cost of investing in MFs.
In 2019, India’s score improved from ‘below average’ to ‘average’, thanks to investor-friendly regulations introduced by the Securities and Exchange Board of India, such as a ban on entry loads, up-front commissions, and overall reduction in so-called total expense ratios (TERs).
