India equity mutual fund fees among the most expensive in the world
In terms of fees charged on equity mutual funds and hybrid mutual funds, India still ranks among the most expensive countries in the world, in recent years even after the implementation of several investor-friendly measures.
According to the information said by a source the country’s asset-weighted median expense ratio for equity mutual funds is 1.93%. According to the study, that’s is higher than all 26 countries, except for countries like Canada, Itali, and Taiwan. When comparing to all except Germany and Canada India’s rate for hybrid funds is 1.78% the most expensive one.
In the year 2017 overall India’s fee and expenses grade improved from below average to average. According to the information said by a source, the upgrade follows the nation’s move to ban upfront commissions and cap investment charges.
India’s fund industry has seen up growth in assets under management (AUM), While still a small fund market relative to many others in this study said by a source. This development drove the nation’s market controller to expect administrators to pass economies of scale back to investors through lower progressing charges.
Since our beloved Prime Minister, Mr. Narendra Modi Ji get into power in 2014, the retail investors have been a force behind the mutual fund’s growing rise. According to the data from the association of mutual funds, India shows that the individual investor’s accounts have since more than doubled to 84 million, while the industry assets have tripled to $370 billion.