Mutual Fund expense ratios will come down due to regulations, competition, or investor needs: Sundeep Sikka of Nippon MF

As long as the regulator conjucts with AMCs to help maximise their profits ot will only and only be regulation only. Competition is not possible as they already have a lobby(cartel) in place from a long time which is acknowledged by the government and the regulator who gives them power to issue so called best practices and charge fees to distributors for ARN and reduce their commissions especially when the regulator brings regulation to decrease TER. THE ENTIRE DECREASE IN TER IS PASSWD ONTO THE DISTRIBUTOR(WHICH THE REGULATOR AND GOVERNMENT KNOWS BUT ARE SILENT). Investor needs is never taken into account as in case of direct plans what happened is the investor invested to save cost but are clueless on where to invest so Google university flourished and most of them either lost or gained hardly. Also Franklin incident was the biggest example of how much investor is given importance by regulator or government. In fact yes bank, PMC bank, ILFS and so many more example shows that they ate not bothered about investors or depositors at all. All regulators are working to benefit and promote the very industry and companies they are supposed to regulate.

It's a shame