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    <title>Total Expense Ratio for Mutual Funds</title>
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    <description>Amendment reduces the permissible additional expense referenced in prior circulars to a lower specified rate, and requires AMCs to disclose scheme-wise, date-wise TER daily on their website and the industry website in a downloadable spreadsheet showing base TER (excluding specified additional expenses and GST), each additional expense component and GST. Any increase in base TER must be communicated to investors by email or SMS and posted on the TER section of the website at least three working days before effecting the change; decreases due to regulatory requirements need not be preceded by notice.</description>
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