Avoid paying a high expense ratio in categories where the scope for generating high outperformance doesn't exist
Former Sebi chief U K Sinha recently said that India's mutual fund industry is among the most expensive globally and there is scope for bringing down costs
The bottomline, according to experts, is that a high expense ratio is justified only in products that manage to generate high alpha
Actively-managed equity funds in India have traditionally generated high alpha
But in recent years the alpha generated in the .....