index funds: Some index funds to cost more, but analysts say stick to them
Synopsis Despite the rise in expense ratio by fund houses, it is reasonable; investors should continue with these funds, say analysts Getty Images Mumbai: Investors in at least four large index funds — among the cheapest equity schemes — will have to shell out more money every year to asset managers to handle their money. SBI Mutual, HDFC Mutual, UTI Mutual and Tata Mutual have raised the Total Expense Ratio — the annual fee that fund houses deduct from unitholders — of index funds that track the Nifty and Sensex by at least 77% in recent weeks. While HDFC MF has doubled the expense r...
Source: indiatimes.com
