Coughing up a high expense ratio year after year makes no sense if your fund manager is unable to outperform
Not a single scheme launched so far this year
In the entire 2016-17, investors pour over Rs 3.43 lakh crore into various mutual fund schemes
To safeguard the investor interest, capital markets regulator Sebi, earlier this month notified stricter norms for mutual funds, capping investment limit in bonds of a single company at 10 per cent
In September 2013, Sebi allowed fund houses to charge an extra 30 basis points in expense ratio if inflows from B-15 cities were around 30 per cent of the total flows