According to the regulations set by the Securities and Exchange Board of India (SEBI) for mutual funds, asset management companies (AMCs) are permitted to charge certain expenses, known as the Total Expense Ratio (TER), for the management of a mutual fund scheme. The TER covers various expenses, including management fees, administrative fees, distribution fees, auditing fees, legal fees, and other operating expenses. It helps investors understand the overall cost they will bear when investing in a mutual fund.
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