 "tax, fund, MF, mutual fund, credit, borrowers")
The total expense ratio (TER) of equity mutual fund (MF) schemes may rise following a steep drop in their assets under management (AUM) in the past two months. This could further dent investor returns, which have fallen significantly because of the market crash last month.
The AUM of equity schemes have declined 27 per cent to Rs 5.8 trillion at the end of March, from Rs 7.9 trillion two months ago. In the same period, the number of equity schemes that managed between Rs 10,000-50,000 crore has reduced to 14 from 21. Similarly, the number of schemes that fell in the range of Rs 5,000crore and Rs 10,000 crore has dropped to 23 from 35, the data from Value Research shows.
