Fees and expenses of mutual fund schemes

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....eme is borne by asset management company or by the trustee or sponsors, the same shall be done only after the investment and advisory fees charged to the scheme, if any, is fully reversed. (3) All the expenditures pertaining to launch of new fund offer till the date of allotment of mutual fund units to investors shall be borne by the asset management company or trustees or sponsor. (4) The asset management company may charge the scheme with investment and advisory fees which shall fully disclosed in the offer document. (5) In addition to the fees mentioned in sub-regulation (4), the mutual fund schemes may be charged with the following recurring expenses including: (a) marketing and selling expenses including fees, commiss....

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....ified under sub-regulation (10). The base expense ratio shall be subject to the following limits: (a) Close Ended Schemes Sr. No Scheme Category Maximum Base Expense ratio as per cent of the daily net assets (i) Equity oriented scheme(s) 1.00% (ii) Other than equity oriented schemes(s) 0.80% (b) Open Ended Schemes Sr. No Scheme Category Maximum Base Expense ratio as per cent of the daily net assets Index fund scheme or exchange traded fund (i) Index fund scheme or exchange traded fund 0.90% Fund of Funds   (ii) Expense ratio of Fund of Funds investing in liquid schemes, index fund scheme and exchange traded funds (including weighted average of the expense rat....

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....n the performance of the scheme shall comply with the expense ratio structure and disclosures thereto as specified by the Board from time to time. (8) The base expense ratio of Fund of Funds to be charged over and above the weighted average of the base expense ratio of the underlying scheme shall not exceed two times the weighted average of the base expense ratio levied by the underlying scheme(s), subject to the overall ceilings for Fund of Funds as stated under sub-regulation (7), unless otherwise specified by the Board. (9) A mutual fund scheme may charge expense incurred towards brokerage, for the purpose of execution of trade, over and above the base expense ratio subject to a maximum of 0.06 per cent of trade value in case of ca....