While SEBI is taking steps to re-energize the Mutual Fund industry in India, there's a debate whether it is pro-investor or pro- Mutual Fund Companies and Advisors/Agents. An international perspective comparing the cost structures in mutual fund across the world would be quite useful. Monika Halan has done just that in her column on how Indian Mutual Funds are the cheapest and cleanest in the world.
Excerpts:?Not only are Indian funds the cheapest, they are also the most transparent. A fund will have three kinds of costs?entry, ongoing and exit. By banning entry loads, India has collapsed all costs into the annual cost and the exit load. At an average cost of 2.5%, India indeed looks expensive.
Costs in other markets such as the UK and US are not so easy to define. The US, with its three share classes, has costs that range from 1.18% to 7.1%. The UK funds cost an average of 6.67% a year.
Read the full post on why?Indian Mutual Funds are the cheapest and cleanest in the world.
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Source: http://personalfinance201.com/Mutual-Fund-AMCs/indian-mutual-funds-are-the-best.html
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