News From Press Forget direct plans, these ETFs charge only 0.05 per cent

Forget direct plans, these ETFs charge only 0.05 per cent

Source: Economic Times Jul 7, 2016

Three exchange-traded funds (ETFs) - Birla SL Nifty ETF, HDFC Nifty ETF and ICICI Pru Nifty ETF -- are probably the cheapest equity mutual funds currently available in the market. These largecap ETFs have an expense ratio of only 0.05 per cent. ETFs are supposed to be cheap as they are passively managed funds that primarily track their benchmark index.

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