Similarly, smaller schemes with corpus of less than Rs 5 billion, which account for 38 per cent of overall schemes, could see reductionby up to 25 bps. Only schemes with size between Rs 5 billion and Rs 20 billion could see an increase in TER.
The increase, however, will be up to just one basis point. These schemes account for 28 per cent of the market. Experts say even a small cut in fees will help investors save a lot in the long term.
Prabhudas Lilladher says the latest Sebi diktat will impact as many as 213 schemes, or 72 per cent, of the open-ended equity-oriented schemes including equity-oriented hybrid funds.