Expense ratio
The expense ratio denotes the associated charges with investing in a mutual fund. These charges relate to the trading of a mutual fund. AMCs will also charge operational costs such as annual fee, which includes brokerage charges, overhead expenses, administrative expenses and advertisement charges etc. You may also be required to pay loads, which are the sales charges incurred by the AMC when trading a mutual fund.
The expense ratio is the percentage of additional costs with respect to the NAV of your mutual fund. Typically, the expense ratio ranges from 0.50% to 3% though higher or lower charges are possible. The expense ratio ultimately eats out on your profits and so a lower ratio will be to your advantage. If given a choice between two funds with comparable risks and expected returns, then the expense ratio could be the deciding factor in choosing the best performing mutual fund. Another point here is that expense ratios are likely to be lower for higher assets holding mutual funds than funds with lower assets in their portfolios.
Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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