<b>Your money:</b> Expense can't be decisive factor

Evaluate performance consistency and returns under different market conditions

After PPFAS Mutual Fund reduced the expense ratio on its sole scheme — Parag Parikh Long Term Value Fund — by 20 basis points, Quantum Asset Management came up with a road map to gradually reduce the expense ratios across its funds as assets under management (AUM) increase. 

While expense ratio is not the key criteria in selecting a mutual fund scheme, any reduction is beneficial to investors who plan to stay with the fund for a long tenure. Say, you have invested Rs 10 lakh in an equity scheme. The fund charges an expense ratio of 1.5 per cent, which