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Thursday, September 5, 2013

Mutual Fund Expense Ratio

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AMCs incur multiple costs in managing investors' money for which they charge expense ratio

 

These expense are charged on account of new inflows beyond the top 15 cities and to meet expenses incurred by AMCs. Prior to October 2012, there were sub-limits within the expense ratio. These limits directed specific amounts towards marketing, management and operating expenses of a fund. The compartmentalisation of expenses was removed in October 2012, and AMCs are now free to deploy the amount as needed.

 

Now any exit load charged to investors has to be credited back to the scheme. Since amount collect through exit load was earlier available to cover marketing expenses, Sebi has allowed them to charge an additional expense of 20 basis points to meet these costs. The additional 30 basis points are charged from new inflows beyond the top-15 cities. These will be charged in both, direct and regular plans.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

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  5. Birla Sun Life Tax Relief '96 Invest Online
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