Total Expense Ratio – change and disclosure

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....carried out in Total Expense Ratio (TER) and such changes are not prominently disclosed to investors. In order to bring uniformity in disclosure of actual TER charged to mutual fund schemes and to enable the investor to take informed decision, the following has been decided: a. AMCs shall prominently disclose on a daily basis, the TER of all schemes under a separate head - "Total Expense Ratio o....

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....However, any decrease in TER due to decrease in applicable limits as prescribed in Regulation 52 (6) (i.e. due to increase in daily net assets of the scheme) would not require issuance of any prior notice to the investors. Further, such decrease in TER shall be immediately communicated to investors of the scheme through email or SMS and uploaded on the website in terms of clause (a) above. c. Th....

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.... to the aforesaid circulars the above provision has been substituted by the following: "The mutual fund would update the current expense ratios on the website at least three working days prior to the effective date of the change. Additionally, AMCs shall provide the exact weblink of the heads under which TER is disclosed in their website." 3. This circular shall be applicable - (i) immediately ....

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.... Regulation 52(6A)(b) (%)2 Additional expense as per Regulation 52(6A)(c) (%)3 GST (%)4 Total TER (%) Base TER (%)1 Additional expense as per Regulation 52(6A)(b) (%)2 Additional expense as per Regulation 52(6A)(c) (%)3 GST (%)4 Total TER (%) 01/03/2018 02/03/2018 03/03/2018 … … 1. Base TER excludes additional expenses provided in Regulation 52(6A)(b) and 52(6A....