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New expense norms reduce costs of large mutual funds schemes

ICICI Prudential Bluechip Fund and ICICI Prudential Value Discovery have seen the maximum reduction in TER

Topics
Mfs  |  Mutual Fund Schemes  |  Fund Houses

Ashley Coutinho  |  Mumbai 

A number of large schemes have significantly reduced their total expense ratios (TERs) after April 1, in keeping with the regulatory diktat of slab-wise reduction in scheme expenses — a move that is set to benefit investors. Of the 25 largest schemes taken into consideration by way of assets they manage, half have seen a reduction in TER of greater than 20 basis points (bps), the data collated from Value Research shows.

Of the 12, four manage assets of over Rs 20,000 crore, while another three manage assets between Rs 10,000 crore and Rs 16,000 crore. ICICI Prudential ...

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First Published: Mon, April 08 2019. 19:51 IST
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