With the Securities and Exchange Board of India (Sebi) constantly asking fund houses to lower mutual fund expenses, investors have been able to bring down the cost of investing substantially. Reports suggest Sebi is likely to launch another drive to bring down the maximum expense ratio that equity mutual funds can charge from 2.5 per cent to two per cent, and thereafter in phases to 1.5 per cent. Expense ratios in India appear to be higher in comparison to global practices, but there is a catch. Indian mutual funds have a bundled expense ratio, which includes the fund ...
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