I was recently doing a mutual fund expense ratio comparison for direct and regular plans (2023).
This was to see which are the Highest expense ratio mutual funds in India as well as the to see the list of funds with lowest expense ratio in India.
So I thought it would be useful to share this data with everyone. In this post, we shall see how the Expense ratio of mutual funds in India differs between regular and direct plans. You will also find full details of the mutual fund expense ratio list (2023) here.
You already know that direct plans always give higher returns than regular plans. That is because there is a difference in expense ratios between the two. The expense ratio of direct plans is always lower than regular plans. And the reason is that Direct plans are offered directly to investors by the fund houses whereas regular plans are bought by investors through intermediaries or distributors.
So the commissions paid to distributors and agents in between lead to higher expenses for Regular plans.
And this difference in expenses is why there is a difference in NAV of Direct Vs Regular plans of the same funds.
Let’s have a detailed look at the expense ratios of all the equity funds in India. Yes. All the equity funds!
I will compare the expense ratios of all funds side-by-side to show you how high some of the regular plans charge as expenses when compared to their direct counterparts:
So here it is:
Note – To find a particular fund/scheme, please do a CTRL + F to search
| Equity Fund Name | AUM (Rs Cr) | Direct Plan Expense Ratio (%) | Regular Plan Expense Ratio (%) | How BIG is Regular expense ratio Vs Direct? |
| Kotak Flexicap Fund | 35,091 | 0.64 | 1.64 | Regular plan Expense Ratio is 2.57x Times of Direct Plan expenses |
| Axis Bluechip Fund | 33,836 | 0.47 | 1.63 | Regular plan Expense Ratio is 3.47x Times of Direct Plan expenses |
| Mirae Asset Large Cap Fund | 31,292 | 0.62 | 1.57 | Regular plan Expense Ratio is 2.54x Times of Direct Plan expenses |
| SBI Bluechip Fund | 31,029 | 0.94 | 1.76 | Regular plan Expense Ratio is 1.88x Times of Direct Plan expenses |
| ICICI Prudential Bluechip Fund | 30,956 | 1.06 | 1.74 | Regular plan Expense Ratio is 1.65x Times of Direct Plan expenses |
| HDFC Mid-Cap Opportunities Fund | 30,341 | 0.99 | 1.70 | Regular plan Expense Ratio is 1.72x Times of Direct Plan expenses |
| Axis Long Term Equity Fund | 29,584 | 0.77 | 1.68 | Regular plan Expense Ratio is 2.19x Times of Direct Plan expenses |
| HDFC Flexi Cap Fund | 27,433 | 0.96 | 1.71 | Regular plan Expense Ratio is 1.79x Times of Direct Plan expenses |
| SBI Focused Equity Fund | 24,274 | 0.68 | 1.82 | Regular plan Expense Ratio is 2.68x Times of Direct Plan expenses |
| ICICI Prudential Value Discovery Fund | 23,732 | 1.19 | 1.80 | Regular plan Expense Ratio is 1.52x Times of Direct Plan expenses |
| UTI Flexi Cap Fund | 23,609 | 0.77 | 1.49 | Regular plan Expense Ratio is 1.94x Times of Direct Plan expenses |
| Parag Parikh Flexi Cap Fund | 22,647 | 0.79 | 1.94 | Regular plan Expense Ratio is 2.46x Times of Direct Plan expenses |
| Mirae Asset Emerging Bluechip Fund | 21,389 | 0.73 | 1.69 | Regular plan Expense Ratio is 2.32x Times of Direct Plan expenses |
| Aditya Birla Sun Life Frontline Equity Fund | 20,706 | 1.06 | 1.75 | Regular plan Expense Ratio is 1.66x Times of Direct Plan expenses |
| HDFC Top 100 Fund | 20,675 | 1.19 | 1.78 | Regular plan Expense Ratio is 1.5x Times of Direct Plan expenses |
| Nippon India Small Cap Fund | 18,675 | 1.03 | 1.82 | Regular plan Expense Ratio is 1.77x Times of Direct Plan expenses |
| Kotak Emerging Equity Fund | 18,655 | 0.48 | 1.80 | Regular plan Expense Ratio is 3.75x Times of Direct Plan expenses |
| Axis Focused 25 Fund | 17,921 | 0.60 | 1.74 | Regular plan Expense Ratio is 2.9x Times of Direct Plan expenses |
| Axis Midcap Fund | 17,165 | 0.46 | 1.81 | Regular plan Expense Ratio is 3.94x Times of Direct Plan expenses |
| SBI Flexicap Fund | 15,047 | 0.85 | 1.85 | Regular plan Expense Ratio is 2.18x Times of Direct Plan expenses |
| Aditya Birla Sun Life Flexi Cap Fund | 15,003 | 0.93 | 1.82 | Regular plan Expense Ratio is 1.96x Times of Direct Plan expenses |
| Aditya Birla Sun Life Tax Relief 96 | 13,185 | 0.95 | 1.80 | Regular plan Expense Ratio is 1.9x Times of Direct Plan expenses |
| DSP Midcap Fund | 13,181 | 0.80 | 1.90 | Regular plan Expense Ratio is 2.38x Times of Direct Plan expenses |
| Canara Robeco Emerging Equities Fund | 13,024 | 0.60 | 1.84 | Regular plan Expense Ratio is 3.07x Times of Direct Plan expenses |
| HDFC Small Cap Fund | 12,131 | 0.78 | 1.80 | Regular plan Expense Ratio is 2.31x Times of Direct Plan expenses |
| SBI Small Cap Fund | 11,831 | 0.74 | 2.02 | Regular plan Expense Ratio is 2.73x Times of Direct Plan expenses |
| Mirae Asset Tax Saver Fund | 11,805 | 0.52 | 1.64 | Regular plan Expense Ratio is 3.16x Times of Direct Plan expenses |
| ICICI Prudential Flexicap Fund | 11,674 | 0.21 | 1.75 | Regular plan Expense Ratio is 8.34x Times of Direct Plan expenses |
| Nippon India Multi Cap Fund | 11,639 | 1.39 | 1.88 | Regular plan Expense Ratio is 1.36x Times of Direct Plan expenses |
| Nippon India Growth Fund | 11,629 | 1.22 | 1.89 | Regular plan Expense Ratio is 1.55x Times of Direct Plan expenses |
| Nippon India Tax Saver (ELSS) Fund | 11,235 | 0.85 | 1.71 | Regular plan Expense Ratio is 2.02x Times of Direct Plan expenses |
| Nippon India Large Cap Fund | 10,930 | 1.08 | 1.87 | Regular plan Expense Ratio is 1.74x Times of Direct Plan expenses |
| SBI Long Term Equity Fund | 10,269 | 1.20 | 1.86 | Regular plan Expense Ratio is 1.55x Times of Direct Plan expenses |
| Axis Flexi Cap Fund | 10,081 | 0.63 | 1.85 | Regular plan Expense Ratio is 2.94x Times of Direct Plan expenses |
| SBI Multicap Fund | 9,871 | 0.58 | 1.83 | Regular plan Expense Ratio is 3.16x Times of Direct Plan expenses |
| UTI Mastershare Fund | 9,566 | 0.91 | 1.62 | Regular plan Expense Ratio is 1.79x Times of Direct Plan expenses |
| ICICI Prudential Long Term Equity Fund (Tax Saving) | 9,533 | 1.06 | 1.91 | Regular plan Expense Ratio is 1.81x Times of Direct Plan expenses |
| DSP Tax Saver Fund | 9,504 | 0.82 | 1.81 | Regular plan Expense Ratio is 2.21x Times of Direct Plan expenses |
| Franklin India Flexi Cap Fund | 9,492 | 1.14 | 1.87 | Regular plan Expense Ratio is 1.65x Times of Direct Plan expenses |
| Kotak Equity Opportunities Fund | 9,410 | 0.60 | 1.89 | Regular plan Expense Ratio is 3.15x Times of Direct Plan expenses |
| HDFC Taxsaver Fund | 9,071 | 1.18 | 1.82 | Regular plan Expense Ratio is 1.55x Times of Direct Plan expenses |
| Motilal Oswal Flexi Cap Fund | 9,046 | 0.99 | 1.88 | Regular plan Expense Ratio is 1.9x Times of Direct Plan expenses |
| Axis Small Cap Fund | 8,984 | 0.46 | 1.98 | Regular plan Expense Ratio is 4.31x Times of Direct Plan expenses |
| ICICI Prudential Technology Fund | 8,772 | 0.71 | 2.03 | Regular plan Expense Ratio is 2.86x Times of Direct Plan expenses |
| Invesco India Contra Fund | 8,536 | 0.58 | 1.92 | Regular plan Expense Ratio is 3.32x Times of Direct Plan expenses |
| DSP Small Cap Fund | 8,323 | 0.95 | 1.90 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| Mirae Asset Focused Fund | 8,276 | 0.52 | 1.75 | Regular plan Expense Ratio is 3.37x Times of Direct Plan expenses |
| L&T Emerging Businesses Fund | 7,580 | 0.79 | 1.86 | Regular plan Expense Ratio is 2.36x Times of Direct Plan expenses |
| Franklin India Focused Equity Fund | 7,421 | 1.07 | 1.91 | Regular plan Expense Ratio is 1.79x Times of Direct Plan expenses |
| DSP Flexi Cap Fund | 7,395 | 0.78 | 1.98 | Regular plan Expense Ratio is 2.54x Times of Direct Plan expenses |
| Mirae Asset Midcap Fund | 7,312 | 0.69 | 1.79 | Regular plan Expense Ratio is 2.6x Times of Direct Plan expenses |
| L&T India Value Fund | 7,297 | 0.88 | 1.85 | Regular plan Expense Ratio is 2.11x Times of Direct Plan expenses |
| Canara Robeco Flexi Cap Fund | 7,263 | 0.48 | 1.88 | Regular plan Expense Ratio is 3.92x Times of Direct Plan expenses |
| Axis Growth Opportunities Fund | 7,211 | 0.53 | 1.95 | Regular plan Expense Ratio is 3.68x Times of Direct Plan expenses |
| Kotak Small Cap Fund | 7,192 | 0.49 | 2.03 | Regular plan Expense Ratio is 4.15x Times of Direct Plan expenses |
| UTI Nifty Index Fund | 7,095 | 0.18 | 0.28 | Regular plan Expense Ratio is 1.56x Times of Direct Plan expenses |
| SBI Magnum Midcap Fund | 6,891 | 1.01 | 2.03 | Regular plan Expense Ratio is 2.01x Times of Direct Plan expenses |
| Franklin India Prima Fund | 6,875 | 1.10 | 1.91 | Regular plan Expense Ratio is 1.74x Times of Direct Plan expenses |
| Canara Robeco Bluechip Equity Fund | 6,858 | 0.35 | 1.90 | Regular plan Expense Ratio is 5.43x Times of Direct Plan expenses |
| Sundaram Mid Cap Fund | 6,705 | 0.90 | 1.86 | Regular plan Expense Ratio is 2.07x Times of Direct Plan expenses |
| SBI Large & Midcap Fund | 6,482 | 1.18 | 2.08 | Regular plan Expense Ratio is 1.77x Times of Direct Plan expenses |
| Franklin India Smaller Companies Fund | 6,455 | 1.10 | 1.92 | Regular plan Expense Ratio is 1.75x Times of Direct Plan expenses |
| DSP Equity Opportunities Fund | 6,403 | 0.93 | 1.98 | Regular plan Expense Ratio is 2.13x Times of Direct Plan expenses |
| UTI Mid Cap Fund | 6,373 | 0.80 | 1.67 | Regular plan Expense Ratio is 2.09x Times of Direct Plan expenses |
| UTI Value Opportunities Fund | 6,350 | 1.03 | 1.67 | Regular plan Expense Ratio is 1.63x Times of Direct Plan expenses |
| ICICI Prudential Multicap Fund | 6,320 | 1.04 | 2.03 | Regular plan Expense Ratio is 1.96x Times of Direct Plan expenses |
| L&T Midcap Fund | 6,227 | 0.76 | 1.88 | Regular plan Expense Ratio is 2.48x Times of Direct Plan expenses |
| Franklin India Bluechip Fund | 6,194 | 1.18 | 1.92 | Regular plan Expense Ratio is 1.63x Times of Direct Plan expenses |
| HDFC Large and Mid Cap Fund | 5,926 | 1.22 | 2.02 | Regular plan Expense Ratio is 1.66x Times of Direct Plan expenses |
| HDFC Index Fund Nifty 50 Plan | 5,919 | 0.20 | 0.40 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| Nippon India Focused Equity Fund | 5,644 | 1.46 | 2.00 | Regular plan Expense Ratio is 1.37x Times of Direct Plan expenses |
| Aditya Birla Sun Life Focused Equity Fund | 5,616 | 1.07 | 1.96 | Regular plan Expense Ratio is 1.84x Times of Direct Plan expenses |
| Tata Digital India Fund | 5,512 | 0.35 | 1.99 | Regular plan Expense Ratio is 5.69x Times of Direct Plan expenses |
| IDFC Flexi Cap Fund | 5,405 | 1.23 | 1.94 | Regular plan Expense Ratio is 1.58x Times of Direct Plan expenses |
| Aditya Birla Sun Life Equity Advantage Fund | 5,205 | 1.10 | 1.98 | Regular plan Expense Ratio is 1.8x Times of Direct Plan expenses |
| ICICI Prudential Business Cycle Fund | 5,145 | 0.49 | 1.91 | Regular plan Expense Ratio is 3.9x Times of Direct Plan expenses |
| PGIM India Midcap Opportunities Fund | 5,119 | 0.46 | 2.00 | Regular plan Expense Ratio is 4.35x Times of Direct Plan expenses |
| Axis Multicap Fund | 5,038 | 0.27 | 1.89 | Regular plan Expense Ratio is 7x Times of Direct Plan expenses |
| HDFC Capital Builder Value Fund | 5,024 | 1.06 | 1.98 | Regular plan Expense Ratio is 1.87x Times of Direct Plan expenses |
| ICICI Prudential Large & Mid Cap Fund | 4,957 | 1.27 | 2.14 | Regular plan Expense Ratio is 1.69x Times of Direct Plan expenses |
| ICICI Prudential Banking and Financial Services Fund | 4,885 | 1.20 | 2.08 | Regular plan Expense Ratio is 1.74x Times of Direct Plan expenses |
| SBI Magnum Global Fund | 4,868 | 1.25 | 2.03 | Regular plan Expense Ratio is 1.63x Times of Direct Plan expenses |
| Tata Equity PE Fund | 4,847 | 0.91 | 1.95 | Regular plan Expense Ratio is 2.15x Times of Direct Plan expenses |
| HDFC Multi Cap Fund | 4,779 | 0.38 | 1.95 | Regular plan Expense Ratio is 5.14x Times of Direct Plan expenses |
| Sundaram Large and Mid Cap Fund | 4,726 | 0.74 | 1.93 | Regular plan Expense Ratio is 2.61x Times of Direct Plan expenses |
| ICICI Prudential India Opportunities Fund | 4,692 | 0.62 | 2.16 | Regular plan Expense Ratio is 3.49x Times of Direct Plan expenses |
| SBI Contra Fund | 4,584 | 1.28 | 2.10 | Regular plan Expense Ratio is 1.65x Times of Direct Plan expenses |
| Franklin India Taxshield Fund | 4,575 | 1.10 | 1.93 | Regular plan Expense Ratio is 1.76x Times of Direct Plan expenses |
| Nippon India Pharma Fund | 4,516 | 1.04 | 1.95 | Regular plan Expense Ratio is 1.88x Times of Direct Plan expenses |
| IDFC Sterling Value Fund | 4,437 | 0.85 | 1.99 | Regular plan Expense Ratio is 2.35x Times of Direct Plan expenses |
| Kotak Bluechip Fund | 4,279 | 0.78 | 2.14 | Regular plan Expense Ratio is 2.75x Times of Direct Plan expenses |
| SBI Magnum Equity ESG Fund | 4,246 | 1.34 | 2.11 | Regular plan Expense Ratio is 1.58x Times of Direct Plan expenses |
| PGIM India Flexi Cap Fund | 4,236 | 0.44 | 1.98 | Regular plan Expense Ratio is 4.5x Times of Direct Plan expenses |
| Nippon India Value Fund | 4,202 | 1.34 | 2.03 | Regular plan Expense Ratio is 1.52x Times of Direct Plan expenses |
| Nippon India Flexi Cap Fund | 3,827 | 0.47 | 2.17 | Regular plan Expense Ratio is 4.62x Times of Direct Plan expenses |
| Aditya Birla Sun Life Pure Value Fund | 3,748 | 1.06 | 2.02 | Regular plan Expense Ratio is 1.91x Times of Direct Plan expenses |
| Invesco India Growth Opportunities Fund | 3,708 | 0.62 | 1.96 | Regular plan Expense Ratio is 3.17x Times of Direct Plan expenses |
| Kotak Multicap Fund | 3,705 | 0.23 | 1.90 | Regular plan Expense Ratio is 8.27x Times of Direct Plan expenses |
| ICICI Prudential Smallcap Fund | 3,611 | 0.63 | 2.14 | Regular plan Expense Ratio is 3.4x Times of Direct Plan expenses |
| Canara Robeco Equity Tax Saver Fund | 3,602 | 0.62 | 2.05 | Regular plan Expense Ratio is 3.31x Times of Direct Plan expenses |
| IDFC Tax Advantage (ELSS) Fund | 3,570 | 0.77 | 1.94 | Regular plan Expense Ratio is 2.52x Times of Direct Plan expenses |
| Aditya Birla Sun Life MNC Fund | 3,500 | 1.40 | 2.08 | Regular plan Expense Ratio is 1.49x Times of Direct Plan expenses |
| Aditya Birla Sun Life Multi-Cap Fund | 3,432 | 0.19 | 2.05 | Regular plan Expense Ratio is 10.79x Times of Direct Plan expenses |
| HDFC Index Fund – Sensex Plan | 3,384 | 0.20 | 0.40 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| Aditya Birla Sun Life Mid Cap Fund | 3,281 | 1.32 | 2.12 | Regular plan Expense Ratio is 1.61x Times of Direct Plan expenses |
| SBI Banking & Financial Services Fund | 3,237 | 0.80 | 2.09 | Regular plan Expense Ratio is 2.62x Times of Direct Plan expenses |
| Nippon India Banking & Financial Services Fund | 3,213 | 1.37 | 2.06 | Regular plan Expense Ratio is 1.51x Times of Direct Plan expenses |
| ICICI Prudential Midcap Fund | 3,173 | 1.10 | 2.21 | Regular plan Expense Ratio is 2.01x Times of Direct Plan expenses |
| ICICI Prudential Focused Equity Fund | 3,149 | 0.75 | 2.10 | Regular plan Expense Ratio is 2.8x Times of Direct Plan expenses |
| Franklin India Feeder Franklin US Opportunities Fund | 3,116 | 0.51 | 1.56 | Regular plan Expense Ratio is 3.06x Times of Direct Plan expenses |
| ICICI Prudential Housing Opportunities Fund | 3,097 | 0.32 | 1.88 | Regular plan Expense Ratio is 5.88x Times of Direct Plan expenses |
| L&T Tax Advantage Fund | 3,080 | 1.20 | 1.99 | Regular plan Expense Ratio is 1.66x Times of Direct Plan expenses |
| Aditya Birla Sun Life Digital India Fund | 3,028 | 0.70 | 2.09 | Regular plan Expense Ratio is 2.99x Times of Direct Plan expenses |
| ICICI Prudential Nifty Index Fund | 3,025 | 0.18 | 0.41 | Regular plan Expense Ratio is 2.28x Times of Direct Plan expenses |
| Nippon India Vision Fund | 2,981 | 1.69 | 2.10 | Regular plan Expense Ratio is 1.25x Times of Direct Plan expenses |
| Sundaram Large Cap Fund | 2,960 | 0.55 | 1.98 | Regular plan Expense Ratio is 3.6x Times of Direct Plan expenses |
| Tata India Tax Savings Fund | 2,905 | 0.76 | 1.97 | Regular plan Expense Ratio is 2.6x Times of Direct Plan expenses |
| Tata Large & Mid Cap Fund | 2,870 | 0.93 | 2.09 | Regular plan Expense Ratio is 2.25x Times of Direct Plan expenses |
| HDFC Dividend Yield Fund | 2,830 | 0.36 | 2.02 | Regular plan Expense Ratio is 5.62x Times of Direct Plan expenses |
| IIFL Focused Equity Fund | 2,811 | 0.90 | 1.96 | Regular plan Expense Ratio is 2.18x Times of Direct Plan expenses |
| UTI Dividend Yield Fund | 2,808 | 1.24 | 1.81 | Regular plan Expense Ratio is 1.46x Times of Direct Plan expenses |
| UTI Long Term Equity Fund | 2,735 | 1.08 | 1.82 | Regular plan Expense Ratio is 1.69x Times of Direct Plan expenses |
| UTI Focused Equity Fund | 2,680 | 0.30 | 1.83 | Regular plan Expense Ratio is 6.1x Times of Direct Plan expenses |
| L&T Flexicap Fund | 2,677 | 1.34 | 2.08 | Regular plan Expense Ratio is 1.56x Times of Direct Plan expenses |
| Aditya Birla Sun Life Small Cap Fund | 2,668 | 1.19 | 2.15 | Regular plan Expense Ratio is 1.81x Times of Direct Plan expenses |
| Franklin India Equity Advantage Fund | 2,637 | 1.40 | 2.11 | Regular plan Expense Ratio is 1.51x Times of Direct Plan expenses |
| Aditya Birla Sun Life India GenNext Fund | 2,635 | 0.96 | 2.20 | Regular plan Expense Ratio is 2.3x Times of Direct Plan expenses |
| Motilal Oswal Midcap 30 Fund | 2,624 | 0.94 | 2.03 | Regular plan Expense Ratio is 2.16x Times of Direct Plan expenses |
| Kotak Tax Saver | 2,606 | 0.75 | 2.11 | Regular plan Expense Ratio is 2.82x Times of Direct Plan expenses |
| Motilal Oswal S&P 500 Index Fund | 2,567 | 0.52 | 1.09 | Regular plan Expense Ratio is 2.1x Times of Direct Plan expenses |
| Canara Robeco Small Cap Fund | 2,560 | 0.40 | 2.16 | Regular plan Expense Ratio is 5.4x Times of Direct Plan expenses |
| DSP Top 100 Equity Fund | 2,550 | 1.25 | 2.09 | Regular plan Expense Ratio is 1.68x Times of Direct Plan expenses |
| SBI Nifty Index Fund | 2,431 | 0.18 | 0.50 | Regular plan Expense Ratio is 2.78x Times of Direct Plan expenses |
| SBI Technology Opportunities Fund | 2,416 | 0.90 | 2.32 | Regular plan Expense Ratio is 2.58x Times of Direct Plan expenses |
| UTI MNC Fund | 2,368 | 1.02 | 1.85 | Regular plan Expense Ratio is 1.82x Times of Direct Plan expenses |
| Quant Active Fund | 2,329 | 0.58 | 2.63 | Regular plan Expense Ratio is 4.54x Times of Direct Plan expenses |
| ICICI Prudential Pharma Healthcare And Diagnostics (P.H.D) Fund | 2,316 | 1.22 | 2.16 | Regular plan Expense Ratio is 1.78x Times of Direct Plan expenses |
| HDFC Banking & Financial Services Fund | 2,287 | 0.42 | 2.12 | Regular plan Expense Ratio is 5.05x Times of Direct Plan expenses |
| IDFC Core Equity Fund | 2,278 | 0.85 | 2.05 | Regular plan Expense Ratio is 2.42x Times of Direct Plan expenses |
| Aditya Birla Sun Life Business Cycle Fund | 2,239 | 0.28 | 2.10 | Regular plan Expense Ratio is 7.5x Times of Direct Plan expenses |
| Kotak Focused Equity Fund | 2,236 | 0.50 | 2.22 | Regular plan Expense Ratio is 4.44x Times of Direct Plan expenses |
| Invesco India Mid Cap Fund | 2,230 | 0.62 | 2.27 | Regular plan Expense Ratio is 3.67x Times of Direct Plan expenses |
| Nippon India Retirement Fund – Wealth Creation Scheme | 2,190 | 1.23 | 2.01 | Regular plan Expense Ratio is 1.64x Times of Direct Plan expenses |
| HDFC Retirement Savings Fund Equity Plan | 2,125 | 0.79 | 2.10 | Regular plan Expense Ratio is 2.66x Times of Direct Plan expenses |
| Aditya Birla Sun Life Banking & Financial Services Fund | 2,124 | 1.19 | 2.23 | Regular plan Expense Ratio is 1.88x Times of Direct Plan expenses |
| Motilal Oswal Long Term Equity Fund | 2,092 | 0.85 | 2.00 | Regular plan Expense Ratio is 2.36x Times of Direct Plan expenses |
| ICICI Prudential Nifty Next 50 Index Fund | 2,090 | 0.30 | 0.73 | Regular plan Expense Ratio is 2.44x Times of Direct Plan expenses |
| Tata Flexi Cap Fund | 2,079 | 0.75 | 2.13 | Regular plan Expense Ratio is 2.84x Times of Direct Plan expenses |
| Sundaram Services Fund | 2,074 | 0.72 | 2.24 | Regular plan Expense Ratio is 3.12x Times of Direct Plan expenses |
| Tata Small Cap Fund | 2,048 | 0.47 | 2.20 | Regular plan Expense Ratio is 4.69x Times of Direct Plan expenses |
| UTI Small Cap Fund | 2,009 | 0.29 | 1.89 | Regular plan Expense Ratio is 6.52x Times of Direct Plan expenses |
| ICICI Prudential US Bluechip Equity Fund | 1,976 | 1.10 | 2.20 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| ICICI Prudential Bharat Consumption Fund | 1,959 | 1.05 | 2.12 | Regular plan Expense Ratio is 2.02x Times of Direct Plan expenses |
| Axis Special Situations Fund | 1,918 | 0.50 | 2.03 | Regular plan Expense Ratio is 4.06x Times of Direct Plan expenses |
| Edelweiss Mid Cap Fund | 1,918 | 0.57 | 2.11 | Regular plan Expense Ratio is 3.71x Times of Direct Plan expenses |
| ICICI Prudential Infrastructure Fund | 1,893 | 1.62 | 2.27 | Regular plan Expense Ratio is 1.41x Times of Direct Plan expenses |
| Invesco India Multicap Fund | 1,861 | 0.74 | 2.26 | Regular plan Expense Ratio is 3.06x Times of Direct Plan expenses |
| Sundaram Small Cap Fund | 1,860 | 0.87 | 2.13 | Regular plan Expense Ratio is 2.45x Times of Direct Plan expenses |
| DSP Focus Fund | 1,812 | 1.07 | 2.16 | Regular plan Expense Ratio is 2.02x Times of Direct Plan expenses |
| Motilal Oswal Focused 25 Fund | 1,784 | 1.09 | 2.19 | Regular plan Expense Ratio is 2.01x Times of Direct Plan expenses |
| Axis ESG Equity Fund | 1,769 | 0.60 | 2.13 | Regular plan Expense Ratio is 3.55x Times of Direct Plan expenses |
| Invesco India Tax Plan | 1,766 | 0.68 | 2.15 | Regular plan Expense Ratio is 3.17x Times of Direct Plan expenses |
| Quant Small Cap Fund | 1,754 | 0.62 | 2.67 | Regular plan Expense Ratio is 4.31x Times of Direct Plan expenses |
| UTI Transportation and Logistics Fund | 1,727 | 0.87 | 1.94 | Regular plan Expense Ratio is 2.23x Times of Direct Plan expenses |
| Sundaram Multi Cap Fund | 1,724 | 0.96 | 2.19 | Regular plan Expense Ratio is 2.29x Times of Direct Plan expenses |
| PGIM India Small Cap Fund | 1,712 | 0.25 | 2.07 | Regular plan Expense Ratio is 8.28x Times of Direct Plan expenses |
| Mirae Asset Healthcare Fund | 1,692 | 0.64 | 2.05 | Regular plan Expense Ratio is 3.21x Times of Direct Plan expenses |
| LIC MF Large & Mid Cap Fund | 1,690 | 0.81 | 2.36 | Regular plan Expense Ratio is 2.92x Times of Direct Plan expenses |
| Mirae Asset Great Consumer Fund | 1,682 | 0.61 | 2.06 | Regular plan Expense Ratio is 3.38x Times of Direct Plan expenses |
| UTI Nifty Next 50 Index Fund | 1,667 | 0.29 | 0.75 | Regular plan Expense Ratio is 2.59x Times of Direct Plan expenses |
| Edelweiss Greater China Equity Off-shore Fund | 1,653 | 1.44 | 2.38 | Regular plan Expense Ratio is 1.66x Times of Direct Plan expenses |
| SBI Healthcare Opportunities Fund | 1,638 | 1.05 | 2.21 | Regular plan Expense Ratio is 2.11x Times of Direct Plan expenses |
| Nippon India Power & Infra Fund | 1,638 | 1.75 | 2.28 | Regular plan Expense Ratio is 1.31x Times of Direct Plan expenses |
| Baroda BNP Paribas Multi Cap Fund | 1,582 | 1.16 | 2.10 | Regular plan Expense Ratio is 1.82x Times of Direct Plan expenses |
| Kotak Pioneer Fund | 1,567 | 0.47 | 2.13 | Regular plan Expense Ratio is 4.54x Times of Direct Plan expenses |
| Invesco India Focused 20 Equity Fund | 1,533 | 0.51 | 2.22 | Regular plan Expense Ratio is 4.36x Times of Direct Plan expenses |
| Tata Midcap Growth Fund | 1,510 | 1.00 | 2.29 | Regular plan Expense Ratio is 2.29x Times of Direct Plan expenses |
| DSP T.I.G.E.R. Fund | 1,500 | 1.40 | 2.28 | Regular plan Expense Ratio is 1.63x Times of Direct Plan expenses |
| UTI Nifty200 Momentum 30 Index Fund | 1,478 | 0.34 | 0.86 | Regular plan Expense Ratio is 2.53x Times of Direct Plan expenses |
| Canara Robeco Focused Equity Fund | 1,477 | 0.44 | 2.17 | Regular plan Expense Ratio is 4.94x Times of Direct Plan expenses |
| HDFC Focused 30 Fund | 1,440 | 0.93 | 2.36 | Regular plan Expense Ratio is 2.54x Times of Direct Plan expenses |
| L&T Large and Midcap Fund | 1,434 | 1.29 | 2.25 | Regular plan Expense Ratio is 1.75x Times of Direct Plan expenses |
| Kotak ESG Opportunities Fund | 1,430 | 0.38 | 2.08 | Regular plan Expense Ratio is 5.48x Times of Direct Plan expenses |
| Axis Quant Fund | 1,403 | 0.41 | 2.15 | Regular plan Expense Ratio is 5.25x Times of Direct Plan expenses |
| ICICI Prudential ESG Fund | 1,396 | 1.02 | 2.24 | Regular plan Expense Ratio is 2.2x Times of Direct Plan expenses |
| UTI Infrastructure Fund | 1,368 | 1.58 | 1.97 | Regular plan Expense Ratio is 1.25x Times of Direct Plan expenses |
| Quant Tax Plan | 1,359 | 0.57 | 2.62 | Regular plan Expense Ratio is 4.6x Times of Direct Plan expenses |
| IDFC Emerging Businesses Fund | 1,338 | 0.50 | 2.20 | Regular plan Expense Ratio is 4.4x Times of Direct Plan expenses |
| L&T Infrastructure Fund | 1,309 | 1.16 | 2.23 | Regular plan Expense Ratio is 1.93x Times of Direct Plan expenses |
| Edelweiss Large & Mid Cap Fund | 1,293 | 0.55 | 2.27 | Regular plan Expense Ratio is 4.13x Times of Direct Plan expenses |
| DSP Quant Fund | 1,283 | 0.56 | 1.30 | Regular plan Expense Ratio is 2.33x Times of Direct Plan expenses |
| UTI Core Equity Fund | 1,282 | 1.61 | 1.99 | Regular plan Expense Ratio is 1.24x Times of Direct Plan expenses |
| Tata India Consumer Fund | 1,270 | 0.91 | 2.23 | Regular plan Expense Ratio is 2.46x Times of Direct Plan expenses |
| PGIM India Global Equity Opportunities Fund | 1,264 | 1.40 | 2.42 | Regular plan Expense Ratio is 1.73x Times of Direct Plan expenses |
| IDFC Focused Equity Fund | 1,261 | 0.82 | 2.18 | Regular plan Expense Ratio is 2.66x Times of Direct Plan expenses |
| Templeton India Equity Income Fund | 1,257 | 1.64 | 2.32 | Regular plan Expense Ratio is 1.42x Times of Direct Plan expenses |
| Baroda BNP Paribas Large Cap Fund | 1,253 | 1.02 | 2.16 | Regular plan Expense Ratio is 2.12x Times of Direct Plan expenses |
| Tata Ethical Fund | 1,250 | 0.98 | 2.25 | Regular plan Expense Ratio is 2.3x Times of Direct Plan expenses |
| Kotak India EQ Contra Fund | 1,228 | 0.90 | 2.36 | Regular plan Expense Ratio is 2.63x Times of Direct Plan expenses |
| ICICI Prudential MNC Fund | 1,217 | 1.06 | 2.48 | Regular plan Expense Ratio is 2.34x Times of Direct Plan expenses |
| Invesco India Smallcap Fund | 1,203 | 0.52 | 2.34 | Regular plan Expense Ratio is 4.5x Times of Direct Plan expenses |
| HDFC Housing Opportunities Fund | 1,191 | 1.23 | 2.23 | Regular plan Expense Ratio is 1.82x Times of Direct Plan expenses |
| DSP Healthcare Fund | 1,179 | 0.80 | 2.29 | Regular plan Expense Ratio is 2.87x Times of Direct Plan expenses |
| Tata Retirement Savings Fund – Progressive Plan | 1,170 | 0.68 | 2.23 | Regular plan Expense Ratio is 3.28x Times of Direct Plan expenses |
| Motilal Oswal Large and Midcap Fund | 1,165 | 1.03 | 2.48 | Regular plan Expense Ratio is 2.41x Times of Direct Plan expenses |
| Tata Focused Equity Fund | 1,163 | 0.57 | 2.19 | Regular plan Expense Ratio is 3.85x Times of Direct Plan expenses |
| Tata Large Cap Fund | 1,163 | 1.28 | 2.42 | Regular plan Expense Ratio is 1.9x Times of Direct Plan expenses |
| Mahindra Manulife Multi Cap Badhat Yojana | 1,157 | 0.50 | 2.32 | Regular plan Expense Ratio is 4.64x Times of Direct Plan expenses |
| Sundaram Rural and Consumption Fund | 1,119 | 1.28 | 2.27 | Regular plan Expense Ratio is 1.78x Times of Direct Plan expenses |
| Edelweiss Small Cap Fund | 1,116 | 0.56 | 2.23 | Regular plan Expense Ratio is 3.99x Times of Direct Plan expenses |
| Baroda BNP Paribas Midcap Fund | 1,116 | 0.71 | 2.13 | Regular plan Expense Ratio is 3x Times of Direct Plan expenses |
| HSBC Mid Cap Fund | 1,080 | 0.83 | 2.23 | Regular plan Expense Ratio is 2.69x Times of Direct Plan expenses |
| Franklin Build India Fund | 1,070 | 1.30 | 2.32 | Regular plan Expense Ratio is 1.79x Times of Direct Plan expenses |
| Union Flexi Cap Fund | 1,063 | 1.11 | 2.32 | Regular plan Expense Ratio is 2.1x Times of Direct Plan expenses |
| Mirae Asset Banking and Financial Services Fund | 1,012 | 0.73 | 2.21 | Regular plan Expense Ratio is 3.03x Times of Direct Plan expenses |
| Edelweiss Recently Listed IPO Fund | 982 | 0.94 | 2.32 | Regular plan Expense Ratio is 2.47x Times of Direct Plan expenses |
| IDFC Large Cap Fund | 982 | 1.05 | 2.32 | Regular plan Expense Ratio is 2.21x Times of Direct Plan expenses |
| Aditya Birla Sun Life ESG Fund | 963 | 0.49 | 2.26 | Regular plan Expense Ratio is 4.62x Times of Direct Plan expenses |
| Tata Banking and Financial Services Fund | 962 | 0.68 | 2.40 | Regular plan Expense Ratio is 3.53x Times of Direct Plan expenses |
| SBI Consumption Opportunities Fund | 938 | 1.34 | 2.51 | Regular plan Expense Ratio is 1.88x Times of Direct Plan expenses |
| ICICI Prudential Exports and Services Fund | 938 | 1.96 | 2.42 | Regular plan Expense Ratio is 1.24x Times of Direct Plan expenses |
| IDFC Multi Cap Fund | 932 | 0.59 | 2.35 | Regular plan Expense Ratio is 3.99x Times of Direct Plan expenses |
| L&T Focused Equity Fund | 929 | 1.08 | 2.31 | Regular plan Expense Ratio is 2.14x Times of Direct Plan expenses |
| Tata Business Cycle Fund | 927 | 0.54 | 2.23 | Regular plan Expense Ratio is 4.13x Times of Direct Plan expenses |
| ICICI Prudential Dividend Yield Equity Fund | 923 | 0.92 | 2.58 | Regular plan Expense Ratio is 2.81x Times of Direct Plan expenses |
| Mahindra Manulife Flexi Cap Yojana | 914 | 0.19 | 2.26 | Regular plan Expense Ratio is 11.9x Times of Direct Plan expenses |
| Edelweiss Flexi Cap Fund | 912 | 0.56 | 2.29 | Regular plan Expense Ratio is 4.09x Times of Direct Plan expenses |
| Baroda BNP Paribas Business Cycle Fund | 910 | 0.28 | 2.11 | Regular plan Expense Ratio is 7.54x Times of Direct Plan expenses |
| ICICI Prudential FMCG Fund | 901 | 1.69 | 2.50 | Regular plan Expense Ratio is 1.48x Times of Direct Plan expenses |
| Sundaram Tax Savings Fund | 893 | 1.75 | 2.38 | Regular plan Expense Ratio is 1.36x Times of Direct Plan expenses |
| Mahindra Manulife Mid Cap Unnati Yojana | 889 | 0.65 | 2.42 | Regular plan Expense Ratio is 3.73x Times of Direct Plan expenses |
| Aditya Birla Sun Life PSU Equity Fund | 886 | 1.02 | 2.42 | Regular plan Expense Ratio is 2.38x Times of Direct Plan expenses |
| Baroda BNP Paribas India Consumption Fund | 864 | 0.81 | 2.24 | Regular plan Expense Ratio is 2.77x Times of Direct Plan expenses |
| Quantum Long Term Equity Value Fund | 844 | 1.29 | 1.79 | Regular plan Expense Ratio is 1.39x Times of Direct Plan expenses |
| Tata Infrastructure Fund | 820 | 1.46 | 2.43 | Regular plan Expense Ratio is 1.67x Times of Direct Plan expenses |
| DSP World Gold Fund | 814 | 1.74 | 2.40 | Regular plan Expense Ratio is 1.38x Times of Direct Plan expenses |
| Invesco India Flexi Cap Fund | 807 | 0.58 | 2.56 | Regular plan Expense Ratio is 4.42x Times of Direct Plan expenses |
| SBI Infrastructure Fund | 795 | 2.06 | 2.57 | Regular plan Expense Ratio is 1.25x Times of Direct Plan expenses |
| SBI Retirement Benefit Fund – Aggressive Plan | 792 | 1.01 | 2.49 | Regular plan Expense Ratio is 2.47x Times of Direct Plan expenses |
| Aditya Birla Sun Life Dividend Yield Fund | 788 | 1.61 | 2.45 | Regular plan Expense Ratio is 1.53x Times of Direct Plan expenses |
| Canara Robeco Consumer Trends Fund | 783 | 1.07 | 2.47 | Regular plan Expense Ratio is 2.31x Times of Direct Plan expenses |
| DSP Natural Resources and New Energy Fund | 776 | 1.21 | 2.36 | Regular plan Expense Ratio is 1.96x Times of Direct Plan expenses |
| Mahindra Manulife Top 250 Nivesh Yojana | 775 | 0.50 | 2.46 | Regular plan Expense Ratio is 4.92x Times of Direct Plan expenses |
| Axis Nifty 100 Index Fund | 766 | 0.15 | 1.00 | Regular plan Expense Ratio is 6.67x Times of Direct Plan expenses |
| Kotak Manufacture in India Fund | 748 | 0.67 | 2.42 | Regular plan Expense Ratio is 3.62x Times of Direct Plan expenses |
| Invesco India ESG Equity Fund | 740 | 0.25 | 2.27 | Regular plan Expense Ratio is 9.08x Times of Direct Plan expenses |
| ICICI Prudential Commodities Fund | 724 | 0.90 | 2.57 | Regular plan Expense Ratio is 2.86x Times of Direct Plan expenses |
| HSBC Large Cap Equity Fund | 722 | 1.51 | 2.43 | Regular plan Expense Ratio is 1.61x Times of Direct Plan expenses |
| UTI Banking and Financial Services Fund | 716 | 1.17 | 2.17 | Regular plan Expense Ratio is 1.86x Times of Direct Plan expenses |
| UTI Healthcare Fund | 706 | 0.95 | 2.16 | Regular plan Expense Ratio is 2.28x Times of Direct Plan expenses |
| Baroda BNP Paribas Large & Mid Cap Fund | 688 | 0.98 | 2.35 | Regular plan Expense Ratio is 2.4x Times of Direct Plan expenses |
| Franklin India Technology Fund | 688 | 1.45 | 2.49 | Regular plan Expense Ratio is 1.72x Times of Direct Plan expenses |
| DSP US Flexible Equity Fund | 687 | 1.54 | 2.45 | Regular plan Expense Ratio is 1.6x Times of Direct Plan expenses |
| L&T India Large Cap Fund | 686 | 1.51 | 2.53 | Regular plan Expense Ratio is 1.68x Times of Direct Plan expenses |
| Sundaram Focused Fund | 669 | 1.48 | 2.48 | Regular plan Expense Ratio is 1.68x Times of Direct Plan expenses |
| Baroda BNP Paribas ELSS Fund | 665 | 1.19 | 2.31 | Regular plan Expense Ratio is 1.95x Times of Direct Plan expenses |
| Aditya Birla Sun Life Manufacturing Equity Fund | 658 | 1.69 | 2.59 | Regular plan Expense Ratio is 1.54x Times of Direct Plan expenses |
| Canara Robeco Value Fund | 656 | 0.69 | 2.39 | Regular plan Expense Ratio is 3.47x Times of Direct Plan expenses |
| Templeton India Value Fund | 646 | 1.63 | 2.66 | Regular plan Expense Ratio is 1.64x Times of Direct Plan expenses |
| LIC MF Large Cap Fund | 644 | 1.27 | 2.69 | Regular plan Expense Ratio is 2.12x Times of Direct Plan expenses |
| Invesco India Largecap Fund | 620 | 0.90 | 2.42 | Regular plan Expense Ratio is 2.69x Times of Direct Plan expenses |
| Parag Parikh Tax Saver Fund | 618 | 0.84 | 2.24 | Regular plan Expense Ratio is 2.67x Times of Direct Plan expenses |
| Aditya Birla Sun Life Special Opportunities Fund | 617 | 1.04 | 2.59 | Regular plan Expense Ratio is 2.5x Times of Direct Plan expenses |
| IDFC Infrastructure Fund | 610 | 1.22 | 2.44 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| Franklin India Opportunities Fund | 603 | 1.90 | 2.56 | Regular plan Expense Ratio is 1.35x Times of Direct Plan expenses |
| UTI Children’s Career Fund-Investment Plan | 599 | 1.60 | 2.78 | Regular plan Expense Ratio is 1.74x Times of Direct Plan expenses |
| ICICI Prudential Manufacturing Fund | 595 | 2.21 | 2.66 | Regular plan Expense Ratio is 1.21x Times of Direct Plan expenses |
| Tata Dividend Yield Fund | 592 | 0.70 | 2.36 | Regular plan Expense Ratio is 3.38x Times of Direct Plan expenses |
| Sundaram Infrastructure Advantage Fund | 589 | 2.05 | 2.55 | Regular plan Expense Ratio is 1.25x Times of Direct Plan expenses |
| Samco Flexi Cap Fund | 587 | 0.88 | 2.49 | Regular plan Expense Ratio is 2.83x Times of Direct Plan expenses |
| Union Small Cap Fund | 585 | 1.52 | 2.53 | Regular plan Expense Ratio is 1.67x Times of Direct Plan expenses |
| DSP Value Fund | 577 | 0.93 | 1.67 | Regular plan Expense Ratio is 1.8x Times of Direct Plan expenses |
| Quant Infrastructure Fund | 573 | 0.64 | 2.39 | Regular plan Expense Ratio is 3.74x Times of Direct Plan expenses |
| BOI AXA Tax Advantage Fund | 570 | 1.34 | 2.52 | Regular plan Expense Ratio is 1.89x Times of Direct Plan expenses |
| IDBI India Top 100 Equity Fund | 567 | 1.31 | 2.62 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| ICICI Prudential Sensex Index Fund | 555 | 0.16 | 0.29 | Regular plan Expense Ratio is 1.82x Times of Direct Plan expenses |
| HDFC Infrastructure Fund | 546 | 1.85 | 2.59 | Regular plan Expense Ratio is 1.4x Times of Direct Plan expenses |
| Kotak Infrastructure and Economic Reform Fund – Standard Plan | 544 | 1.16 | 2.74 | Regular plan Expense Ratio is 2.37x Times of Direct Plan expenses |
| Aditya Birla Sun Life Bal Bhavishya Yojna | 541 | 0.63 | 2.58 | Regular plan Expense Ratio is 4.1x Times of Direct Plan expenses |
| Motilal Oswal Nifty Midcap 150 Index Fund | 539 | 0.21 | 1.01 | Regular plan Expense Ratio is 4.81x Times of Direct Plan expenses |
| Nippon India Taiwan Equity Fund | 539 | 0.75 | 2.40 | Regular plan Expense Ratio is 3.2x Times of Direct Plan expenses |
| Nippon India US Equity Opportunities Fund | 524 | 1.42 | 2.49 | Regular plan Expense Ratio is 1.76x Times of Direct Plan expenses |
| L&T Business Cycles Fund | 519 | 1.45 | 2.52 | Regular plan Expense Ratio is 1.74x Times of Direct Plan expenses |
| HSBC Focused Equity Fund | 515 | 0.82 | 2.46 | Regular plan Expense Ratio is 3x Times of Direct Plan expenses |
| Sundaram Financial Services Opportunities Fund | 513 | 1.18 | 2.62 | Regular plan Expense Ratio is 2.23x Times of Direct Plan expenses |
| Quant Mid Cap Fund | 511 | 0.63 | 2.68 | Regular plan Expense Ratio is 4.26x Times of Direct Plan expenses |
| Tata India Pharma & HealthCare Fund | 508 | 0.98 | 2.50 | Regular plan Expense Ratio is 2.56x Times of Direct Plan expenses |
| Aditya Birla Sun Life Infrastructure Fund | 508 | 1.82 | 2.62 | Regular plan Expense Ratio is 1.44x Times of Direct Plan expenses |
| Mahindra Manulife Focused Equity Yojana | 506 | 0.44 | 2.53 | Regular plan Expense Ratio is 5.75x Times of Direct Plan expenses |
| Nippon India Index Fund – Nifty Plan | 501 | 0.20 | 1.08 | Regular plan Expense Ratio is 5.4x Times of Direct Plan expenses |
| Union Long Term Equity Fund | 489 | 1.63 | 2.53 | Regular plan Expense Ratio is 1.56x Times of Direct Plan expenses |
| HDFC NIFTY50 Equal Weight Index Fund | 482 | 0.40 | 1.11 | Regular plan Expense Ratio is 2.78x Times of Direct Plan expenses |
| IDBI Equity Advantage Fund | 473 | 1.22 | 2.45 | Regular plan Expense Ratio is 2.01x Times of Direct Plan expenses |
| HSBC Large and Mid Cap Equity Fund | 471 | 0.79 | 2.45 | Regular plan Expense Ratio is 3.11x Times of Direct Plan expenses |
| Aditya Birla Sun Life Pharma & Healthcare Fund | 470 | 1.04 | 2.62 | Regular plan Expense Ratio is 2.52x Times of Direct Plan expenses |
| Franklin India Index Fund – NSE Nifty Plan | 457 | 0.30 | 0.68 | Regular plan Expense Ratio is 2.27x Times of Direct Plan expenses |
| SBI Magnum COMMA Fund | 453 | 2.09 | 2.63 | Regular plan Expense Ratio is 1.26x Times of Direct Plan expenses |
| Mahindra Manulife ELSS Kar Bachat Yojana | 452 | 0.73 | 2.51 | Regular plan Expense Ratio is 3.44x Times of Direct Plan expenses |
| SBI PSU Fund | 446 | 1.45 | 2.49 | Regular plan Expense Ratio is 1.72x Times of Direct Plan expenses |
| Quant Value Fund | 443 | 0.57 | 2.62 | Regular plan Expense Ratio is 4.6x Times of Direct Plan expenses |
| Union Midcap Fund | 428 | 0.99 | 2.54 | Regular plan Expense Ratio is 2.57x Times of Direct Plan expenses |
| Invesco India Infrastructure Fund | 424 | 0.82 | 2.64 | Regular plan Expense Ratio is 3.22x Times of Direct Plan expenses |
| SBI Nifty Next 50 Index Fund | 421 | 0.33 | 0.83 | Regular plan Expense Ratio is 2.52x Times of Direct Plan expenses |
| IDFC Nifty Fund | 419 | 0.08 | 0.35 | Regular plan Expense Ratio is 4.38x Times of Direct Plan expenses |
| Invesco India Financial Services Fund | 410 | 1.23 | 2.67 | Regular plan Expense Ratio is 2.18x Times of Direct Plan expenses |
| UTI India Consumer Fund | 397 | 2.01 | 2.25 | Regular plan Expense Ratio is 1.12x Times of Direct Plan expenses |
| LIC MF Tax Plan | 391 | 1.30 | 2.54 | Regular plan Expense Ratio is 1.96x Times of Direct Plan expenses |
| HSBC Flexi Cap Fund | 388 | 1.37 | 2.51 | Regular plan Expense Ratio is 1.84x Times of Direct Plan expenses |
| LIC MF Flexi Cap Fund | 387 | 1.67 | 2.64 | Regular plan Expense Ratio is 1.59x Times of Direct Plan expenses |
| Nippon India Nifty Midcap 150 Index Fund | 386 | 0.20 | 0.80 | Regular plan Expense Ratio is 4x Times of Direct Plan expenses |
| Quant Flexi Cap Fund | 380 | 0.58 | 2.33 | Regular plan Expense Ratio is 4.02x Times of Direct Plan expenses |
| PGIM India ELSS Tax Saver Fund | 379 | 1.03 | 2.53 | Regular plan Expense Ratio is 2.46x Times of Direct Plan expenses |
| Invesco India PSU Equity Fund | 378 | 1.08 | 2.59 | Regular plan Expense Ratio is 2.4x Times of Direct Plan expenses |
| ITI Small Cap Fund | 375 | 0.32 | 2.62 | Regular plan Expense Ratio is 8.19x Times of Direct Plan expenses |
| Aditya Birla Sun Life Nifty 50 Index Fund | 374 | 0.33 | 0.62 | Regular plan Expense Ratio is 1.88x Times of Direct Plan expenses |
| ITI Multi Cap Fund | 373 | 0.50 | 2.65 | Regular plan Expense Ratio is 5.3x Times of Direct Plan expenses |
| IDBI Flexi Cap Fund | 368 | 1.17 | 2.59 | Regular plan Expense Ratio is 2.22x Times of Direct Plan expenses |
| Navi Nifty 50 Index Fund | 367 | 0.06 | 0.27 | Regular plan Expense Ratio is 4.5x Times of Direct Plan expenses |
| PGIM India Large Cap Fund | 357 | 1.05 | 2.52 | Regular plan Expense Ratio is 2.4x Times of Direct Plan expenses |
| ITI Mid Cap Fund | 355 | 0.32 | 2.62 | Regular plan Expense Ratio is 8.19x Times of Direct Plan expenses |
| DSP Equal Nifty 50 Fund | 336 | 0.39 | 0.87 | Regular plan Expense Ratio is 2.24x Times of Direct Plan expenses |
| Edelweiss Large Cap Fund | 325 | 0.98 | 2.58 | Regular plan Expense Ratio is 2.64x Times of Direct Plan expenses |
| HDFC NIFTY Next 50 Index Fund | 322 | 0.30 | 0.97 | Regular plan Expense Ratio is 3.24x Times of Direct Plan expenses |
| Union Large & Midcap Fund | 317 | 1.18 | 2.51 | Regular plan Expense Ratio is 2.13x Times of Direct Plan expenses |
| Franklin Asian Equity Fund | 298 | 1.73 | 2.56 | Regular plan Expense Ratio is 1.48x Times of Direct Plan expenses |
| Motilal Oswal Nifty 500 Fund | 297 | 0.39 | 1.04 | Regular plan Expense Ratio is 2.67x Times of Direct Plan expenses |
| Nippon India Nifty Smallcap 250 Index Fund | 295 | 0.30 | 1.04 | Regular plan Expense Ratio is 3.47x Times of Direct Plan expenses |
| BOI AXA Small Cap Fund | 291 | 1.12 | 2.67 | Regular plan Expense Ratio is 2.39x Times of Direct Plan expenses |
| Union Focused Fund | 291 | 1.45 | 2.53 | Regular plan Expense Ratio is 1.75x Times of Direct Plan expenses |
| HSBC Small Cap Equity Fund | 288 | 1.09 | 2.50 | Regular plan Expense Ratio is 2.3x Times of Direct Plan expenses |
| Nippon India Index Fund – Sensex Plan | 285 | 0.15 | 0.54 | Regular plan Expense Ratio is 3.6x Times of Direct Plan expenses |
| Sundaram Dividend Yield Fund | 276 | 1.98 | 2.65 | Regular plan Expense Ratio is 1.34x Times of Direct Plan expenses |
| Aditya Birla Sun Life Global Emerging Opportunities Fund | 266 | 0.68 | 1.18 | Regular plan Expense Ratio is 1.74x Times of Direct Plan expenses |
| Tata Index Nifty Fund | 265 | 0.16 | 0.52 | Regular plan Expense Ratio is 3.25x Times of Direct Plan expenses |
| ICICI Prudential NASDAQ 100 Index Fund | 264 | 0.50 | 1.00 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| Motilal Oswal Nifty Smallcap 250 Index Fund | 257 | 0.31 | 1.03 | Regular plan Expense Ratio is 3.33x Times of Direct Plan expenses |
| Tata Young Citizens Fund | 251 | 1.81 | 2.56 | Regular plan Expense Ratio is 1.42x Times of Direct Plan expenses |
| BOI AXA Flexi Cap Fund | 245 | 1.07 | 2.63 | Regular plan Expense Ratio is 2.46x Times of Direct Plan expenses |
| Baroda BNP Paribas Focused Fund | 244 | 0.80 | 2.42 | Regular plan Expense Ratio is 3.03x Times of Direct Plan expenses |
| Taurus Flexi Cap Fund | 240 | 2.60 | 2.64 | Regular plan Expense Ratio is 1.02x Times of Direct Plan expenses |
| Axis Value Fund | 238 | 1.11 | 2.62 | Regular plan Expense Ratio is 2.37x Times of Direct Plan expenses |
| Aditya Birla Sun Life Retirement Fund – The 30s Plan | 232 | 1.16 | 2.58 | Regular plan Expense Ratio is 2.23x Times of Direct Plan expenses |
| Nippon India Japan Equity Fund | 232 | 1.39 | 2.49 | Regular plan Expense Ratio is 1.8x Times of Direct Plan expenses |
| Motilal Oswal Nifty Bank Index Fund | 227 | 0.20 | 1.00 | Regular plan Expense Ratio is 5x Times of Direct Plan expenses |
| Tata Resources & Energy Fund | 219 | 0.91 | 2.55 | Regular plan Expense Ratio is 2.81x Times of Direct Plan expenses |
| Union Largecap Fund | 219 | 1.81 | 2.58 | Regular plan Expense Ratio is 1.43x Times of Direct Plan expenses |
| IDBI Nifty Index Fund | 205 | 0.27 | 0.90 | Regular plan Expense Ratio is 3.34x Times of Direct Plan expenses |
| Canara Robeco Infrastructure Fund | 202 | 1.39 | 2.55 | Regular plan Expense Ratio is 1.84x Times of Direct Plan expenses |
| Nippon India Consumption Fund | 196 | 1.28 | 2.67 | Regular plan Expense Ratio is 2.09x Times of Direct Plan expenses |
| Kotak Nifty 50 Index Fund | 195 | 0.18 | 0.51 | Regular plan Expense Ratio is 2.84x Times of Direct Plan expenses |
| DSP Nifty 50 Index Fund | 194 | 0.21 | 0.40 | Regular plan Expense Ratio is 1.91x Times of Direct Plan expenses |
| ITI Large Cap Fund | 190 | 0.32 | 2.57 | Regular plan Expense Ratio is 8.04x Times of Direct Plan expenses |
| JM Flexicap Fund | 190 | 1.82 | 2.62 | Regular plan Expense Ratio is 1.44x Times of Direct Plan expenses |
| DSP Nifty Next 50 Index Fund | 189 | 0.30 | 0.60 | Regular plan Expense Ratio is 2x Times of Direct Plan expenses |
| Navi Flexi Cap Fund | 188 | 0.44 | 2.59 | Regular plan Expense Ratio is 5.89x Times of Direct Plan expenses |
| DSP World Mining Fund | 188 | 1.52 | 2.19 | Regular plan Expense Ratio is 1.45x Times of Direct Plan expenses |
| Edelweiss Long Term Equity Fund (Tax Savings) | 187 | 0.69 | 2.48 | Regular plan Expense Ratio is 3.6x Times of Direct Plan expenses |
| BOI AXA Large & Mid Cap Equity Fund | 187 | 1.50 | 2.57 | Regular plan Expense Ratio is 1.72x Times of Direct Plan expenses |
| IDBI Midcap Fund | 183 | 1.64 | 2.61 | Regular plan Expense Ratio is 1.6x Times of Direct Plan expenses |
| HSBC Tax Saver Equity Fund | 181 | 1.28 | 2.49 | Regular plan Expense Ratio is 1.95x Times of Direct Plan expenses |
| Motilal Oswal Nifty 50 Index Fund | 174 | 0.10 | 0.50 | Regular plan Expense Ratio is 5x Times of Direct Plan expenses |
| ICICI Prudential Retirement Fund – Pure Equity Plan | 163 | 1.04 | 2.63 | Regular plan Expense Ratio is 2.53x Times of Direct Plan expenses |
| ITI Pharma and Healthcare Fund | 159 | 0.32 | 2.62 | Regular plan Expense Ratio is 8.19x Times of Direct Plan expenses |
| Mahindra Manulife Large Cap Pragati Yojana | 158 | 0.79 | 2.69 | Regular plan Expense Ratio is 3.41x Times of Direct Plan expenses |
| Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund | 157 | 0.46 | 1.05 | Regular plan Expense Ratio is 2.29x Times of Direct Plan expenses |
| ITI Banking and Financial Services Fund | 153 | 0.32 | 2.62 | Regular plan Expense Ratio is 8.19x Times of Direct Plan expenses |
| PGIM India Emerging Markets Equity Fund | 149 | 1.22 | 2.34 | Regular plan Expense Ratio is 1.92x Times of Direct Plan expenses |
| DSP World Energy Fund | 148 | 1.54 | 2.21 | Regular plan Expense Ratio is 1.44x Times of Direct Plan expenses |
| JM Value Fund | 148 | 1.93 | 2.64 | Regular plan Expense Ratio is 1.37x Times of Direct Plan expenses |
| ITI Value Fund | 140 | 0.32 | 2.62 | Regular plan Expense Ratio is 8.19x Times of Direct Plan expenses |
| Navi Large & Midcap Fund | 140 | 0.35 | 2.51 | Regular plan Expense Ratio is 7.18x Times of Direct Plan expenses |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | 139 | 0.30 | 0.97 | Regular plan Expense Ratio is 3.24x Times of Direct Plan expenses |
| Tata Index Sensex Fund | 138 | 0.27 | 0.58 | Regular plan Expense Ratio is 2.15x Times of Direct Plan expenses |
| Quant Large and Mid Cap Fund | 136 | 0.56 | 2.31 | Regular plan Expense Ratio is 4.13x Times of Direct Plan expenses |
| Nippon India Nifty 50 Value 20 Index Fund | 136 | 0.20 | 0.80 | Regular plan Expense Ratio is 4x Times of Direct Plan expenses |
| Kotak Global Emerging Market | 135 | 1.22 | 1.72 | Regular plan Expense Ratio is 1.41x Times of Direct Plan expenses |
| Union Value Discovery Fund | 132 | 1.62 | 2.54 | Regular plan Expense Ratio is 1.57x Times of Direct Plan expenses |
| Axis Nifty 50 Index Fund | 130 | 0.10 | 0.40 | Regular plan Expense Ratio is 4x Times of Direct Plan expenses |
| SBI Equity Minimum Variance Fund | 128 | 0.43 | 0.75 | Regular plan Expense Ratio is 1.75x Times of Direct Plan expenses |
| ITI Long Term Equity Fund | 127 | 0.38 | 2.58 | Regular plan Expense Ratio is 6.79x Times of Direct Plan expenses |
| IDBI Small Cap Fund | 127 | 1.54 | 2.57 | Regular plan Expense Ratio is 1.67x Times of Direct Plan expenses |
| IDBI Focused 30 Equity Fund | 127 | 1.66 | 2.57 | Regular plan Expense Ratio is 1.55x Times of Direct Plan expenses |
| Aditya Birla Sun Life International Equity Fund – Plan A | 126 | 1.76 | 2.57 | Regular plan Expense Ratio is 1.47x Times of Direct Plan expenses |
| BOI AXA Bluechip Fund | 125 | 1.17 | 2.50 | Regular plan Expense Ratio is 2.14x Times of Direct Plan expenses |
| UTI Sensex Index Fund | 123 | 0.18 | 0.28 | Regular plan Expense Ratio is 1.56x Times of Direct Plan expenses |
| Edelweiss Emerging Markets Opportunities Equity Offshore Fund | 122 | 1.43 | 2.33 | Regular plan Expense Ratio is 1.63x Times of Direct Plan expenses |
| Sundaram Global Brand Fund | 121 | 1.08 | 2.42 | Regular plan Expense Ratio is 2.25x Times of Direct Plan expenses |
| Motilal Oswal Nifty Next 50 Index Fund | 113 | 0.32 | 0.97 | Regular plan Expense Ratio is 3.04x Times of Direct Plan expenses |
| Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund | 112 | 0.35 | 1.02 | Regular plan Expense Ratio is 2.92x Times of Direct Plan expenses |
| Edelweiss Europe Dynamic Equity Offshore Fund | 111 | 1.52 | 2.36 | Regular plan Expense Ratio is 1.56x Times of Direct Plan expenses |
| HSBC Infrastructure Equity Fund | 109 | 1.18 | 2.57 | Regular plan Expense Ratio is 2.18x Times of Direct Plan expenses |
| Quantum Tax Saving Fund | 104 | 1.29 | 1.79 | Regular plan Expense Ratio is 1.39x Times of Direct Plan expenses |
| Quant Focused Fund | 102 | 0.57 | 2.62 | Regular plan Expense Ratio is 4.6x Times of Direct Plan expenses |
| DSP Global Allocation Fund | 102 | 1.46 | 2.15 | Regular plan Expense Ratio is 1.48x Times of Direct Plan expenses |
| IDBI Long Term Value Fund | 97 | 1.71 | 2.63 | Regular plan Expense Ratio is 1.54x Times of Direct Plan expenses |
| Navi Large Cap Equity Fund | 96 | 0.31 | 2.51 | Regular plan Expense Ratio is 8.1x Times of Direct Plan expenses |
| L&T Nifty 50 Index Fund | 96 | 0.25 | 0.70 | Regular plan Expense Ratio is 2.8x Times of Direct Plan expenses |
| IIFL Quant Fund | 95 | 0.43 | 1.58 | Regular plan Expense Ratio is 3.68x Times of Direct Plan expenses |
| Kotak Nifty Next 50 Index Fund | 95 | 0.31 | 0.83 | Regular plan Expense Ratio is 2.68x Times of Direct Plan expenses |
| Aditya Birla Sun Life International Equity Fund – Plan B | 94 | 2.15 | 2.56 | Regular plan Expense Ratio is 1.2x Times of Direct Plan expenses |
| Indiabulls Bluechip Fund | 93 | 1.03 | 2.43 | Regular plan Expense Ratio is 2.36x Times of Direct Plan expenses |
| IDBI Dividend Yield Fund | 87 | 1.55 | 2.56 | Regular plan Expense Ratio is 1.66x Times of Direct Plan expenses |
| IDBI Banking & Financial Services Fund | 84 | 1.50 | 2.60 | Regular plan Expense Ratio is 1.74x Times of Direct Plan expenses |
| LIC MF Infrastructure Fund | 82 | 1.30 | 2.56 | Regular plan Expense Ratio is 1.97x Times of Direct Plan expenses |
| HDFC NIFTY 100 Equal Weight Index Fund | 79 | 0.40 | 1.16 | Regular plan Expense Ratio is 2.9x Times of Direct Plan expenses |
| Edelweiss US Value Equity Off-shore Fund | 79 | 1.49 | 2.37 | Regular plan Expense Ratio is 1.6x Times of Direct Plan expenses |
| Quant ESG Equity Fund | 76 | 0.64 | 2.69 | Regular plan Expense Ratio is 4.21x Times of Direct Plan expenses |
| HDFC Nifty 100 Index Fund | 76 | 0.30 | 1.08 | Regular plan Expense Ratio is 3.6x Times of Direct Plan expenses |
| Taurus Ethical Fund | 76 | 1.45 | 2.45 | Regular plan Expense Ratio is 1.69x Times of Direct Plan expenses |
| Quant Quantamental Fund | 75 | 0.56 | 2.31 | Regular plan Expense Ratio is 4.13x Times of Direct Plan expenses |
| BOI AXA Manufacturing & Infrastructure Fund | 71 | 1.33 | 2.54 | Regular plan Expense Ratio is 1.91x Times of Direct Plan expenses |
| Taurus Discovery (Midcap) Fund | 70 | 2.24 | 2.56 | Regular plan Expense Ratio is 1.15x Times of Direct Plan expenses |
| Aditya Birla Sun Life Nifty Midcap 150 Index Fund | 64 | 0.29 | 1.01 | Regular plan Expense Ratio is 3.49x Times of Direct Plan expenses |
| JM Tax Gain Fund | 64 | 1.61 | 2.54 | Regular plan Expense Ratio is 1.58x Times of Direct Plan expenses |
| Edelweiss ASEAN Equity Off-shore Fund | 63 | 1.66 | 2.37 | Regular plan Expense Ratio is 1.43x Times of Direct Plan expenses |
| Shriram Flexi Cap Fund | 62 | 0.65 | 2.55 | Regular plan Expense Ratio is 3.93x Times of Direct Plan expenses |
| ICICI Prudential Quant Fund | 62 | 0.58 | 1.23 | Regular plan Expense Ratio is 2.13x Times of Direct Plan expenses |
| IDBI Healthcare Fund | 62 | 1.24 | 2.53 | Regular plan Expense Ratio is 2.05x Times of Direct Plan expenses |
| DSP World Agriculture Fund | 61 | 2.08 | 2.37 | Regular plan Expense Ratio is 1.14x Times of Direct Plan expenses |
| Taurus Tax Shield Fund | 60 | 1.80 | 2.44 | Regular plan Expense Ratio is 1.36x Times of Direct Plan expenses |
| Axis Nifty Next 50 Index Fund | 59 | 0.25 | 0.85 | Regular plan Expense Ratio is 3.4x Times of Direct Plan expenses |
| Quantum India ESG Equity Fund | 58 | 0.94 | 1.69 | Regular plan Expense Ratio is 1.8x Times of Direct Plan expenses |
| Navi ELSS Tax Saver Fund | 57 | 0.40 | 2.44 | Regular plan Expense Ratio is 6.1x Times of Direct Plan expenses |
| LIC MF Banking & Financial Services Fund | 56 | 1.48 | 2.76 | Regular plan Expense Ratio is 1.87x Times of Direct Plan expenses |
| Navi Nifty Next 50 Index Fund | 55 | 0.12 | 0.59 | Regular plan Expense Ratio is 4.92x Times of Direct Plan expenses |
| Sundaram Nifty 100 Equal Weight Fund | 55 | 0.53 | 0.95 | Regular plan Expense Ratio is 1.8x Times of Direct Plan expenses |
| LIC MF Index-Nifty Plan | 54 | 0.21 | 1.01 | Regular plan Expense Ratio is 4.81x Times of Direct Plan expenses |
| Baroda BNP Paribas Banking and Financial Services Fund | 54 | 1.77 | 2.50 | Regular plan Expense Ratio is 1.42x Times of Direct Plan expenses |
| IDBI Nifty Junior Index Fund | 52 | 0.32 | 0.90 | Regular plan Expense Ratio is 2.82x Times of Direct Plan expenses |
| ICICI Prudential Midcap 150 Index Fund | 51 | 0.20 | 1.00 | Regular plan Expense Ratio is 5x Times of Direct Plan expenses |
| ICICI Prudential Smallcap Index Fund | 50 | 0.30 | 1.00 | Regular plan Expense Ratio is 3.34x Times of Direct Plan expenses |
| LIC MF Index-Sensex Plan | 50 | 0.37 | 1.08 | Regular plan Expense Ratio is 2.92x Times of Direct Plan expenses |
| Edelweiss Large & Midcap Index Fund | 50 | 0.38 | 1.03 | Regular plan Expense Ratio is 2.72x Times of Direct Plan expenses |
| L&T Nifty Next 50 Index Fund | 49 | 0.35 | 0.80 | Regular plan Expense Ratio is 2.29x Times of Direct Plan expenses |
| JM Large Cap Fund | 48 | 1.77 | 2.60 | Regular plan Expense Ratio is 1.47x Times of Direct Plan expenses |
| Mahindra Manulife Rural Bharat And Consumption Yojana | 47 | 0.86 | 2.45 | Regular plan Expense Ratio is 2.85x Times of Direct Plan expenses |
| ICICI Prudential Nifty Bank Index Fund | 45 | 0.20 | 1.00 | Regular plan Expense Ratio is 5x Times of Direct Plan expenses |
| Tata Quant Fund | 44 | 0.89 | 2.46 | Regular plan Expense Ratio is 2.77x Times of Direct Plan expenses |
| Indiabulls Tax Savings Fund | 41 | 0.50 | 2.25 | Regular plan Expense Ratio is 4.5x Times of Direct Plan expenses |
| Motilal Oswal MSCI EAFE Top100 Select Index Fund | 41 | 0.53 | 1.15 | Regular plan Expense Ratio is 2.17x Times of Direct Plan expenses |
| JM Focused Fund | 41 | 1.66 | 2.56 | Regular plan Expense Ratio is 1.55x Times of Direct Plan expenses |
| Shriram Long Term Equity Fund | 40 | 0.60 | 2.55 | Regular plan Expense Ratio is 4.25x Times of Direct Plan expenses |
| Aditya Birla Sun Life Nifty Smallcap 50 Index Fund | 40 | 0.28 | 1.01 | Regular plan Expense Ratio is 3.61x Times of Direct Plan expenses |
| IDFC Nifty 100 Index Fund | 36 | 0.10 | 0.60 | Regular plan Expense Ratio is 6x Times of Direct Plan expenses |
| Aditya Birla Sun Life Nifty Next 50 Index Fund | 34 | 0.30 | 1.03 | Regular plan Expense Ratio is 3.44x Times of Direct Plan expenses |
| Nippon India Quant Fund | 32 | 0.30 | 0.95 | Regular plan Expense Ratio is 3.17x Times of Direct Plan expenses |
| HSBC Brazil Fund | 32 | 1.63 | 2.36 | Regular plan Expense Ratio is 1.45x Times of Direct Plan expenses |
| Taurus Largecap Equity Fund | 32 | 2.53 | 2.61 | Regular plan Expense Ratio is 1.04x Times of Direct Plan expenses |
| Axis Nifty Smallcap 50 Index Fund | 26 | 0.25 | 1.00 | Regular plan Expense Ratio is 4x Times of Direct Plan expenses |
| Navi Nifty Bank Index Fund | 24 | 0.10 | 0.81 | Regular plan Expense Ratio is 8.1x Times of Direct Plan expenses |
| Axis Nifty Midcap 50 Index Fund | 23 | 0.25 | 1.00 | Regular plan Expense Ratio is 4x Times of Direct Plan expenses |
| Franklin India Feeder – Templeton European Opportunities Fund | 20 | 0.50 | 1.41 | Regular plan Expense Ratio is 2.82x Times of Direct Plan expenses |
| Aditya Birla Sun Life Commodity Equities Fund – Global Agri Plan | 18 | 1.30 | 1.75 | Regular plan Expense Ratio is 1.35x Times of Direct Plan expenses |
| HSBC Global Emerging Markets Fund | 15 | 1.69 | 2.37 | Regular plan Expense Ratio is 1.41x Times of Direct Plan expenses |
| Navi Nifty Midcap 150 Index Fund | 14 | 0.11 | 1.01 | Regular plan Expense Ratio is 9.19x Times of Direct Plan expenses |
| Indiabulls Value Fund | 10 | 0.50 | 2.30 | Regular plan Expense Ratio is 4.6x Times of Direct Plan expenses |
| HSBC Asia Pacific (Ex Japan) Dividend Yield Fund | 9 | 1.31 | 2.03 | Regular plan Expense Ratio is 1.55x Times of Direct Plan expenses |
| Taurus Banking & Financial Services Fund | 9 | 1.69 | 2.44 | Regular plan Expense Ratio is 1.45x Times of Direct Plan expenses |
| Edelweiss Nifty 100 Quality 30 Index Fund | 8 | 0.34 | 0.93 | Regular plan Expense Ratio is 2.74x Times of Direct Plan expenses |
| Motilal Oswal S&P BSE Low Volatility Index Fund | 7 | 0.38 | 0.98 | Regular plan Expense Ratio is 2.58x Times of Direct Plan expenses |
| Edelweiss Nifty 50 Index Fund | 6 | 0.27 | 0.77 | Regular plan Expense Ratio is 2.86x Times of Direct Plan expenses |
| Taurus Infrastructure Fund | 5 | 2.14 | 2.48 | Regular plan Expense Ratio is 1.16x Times of Direct Plan expenses |
| Taurus Nifty Index Fund | 2 | 0.86 | 1.06 | Regular plan Expense Ratio is 1.24x Times of Direct Plan expenses |
So that was the complete mutual fund expense ratio list in India. The source for the above is data taken from Valueresearch (on 13th June 2022). I have removed the Fund-of-Fund (FOF) and ETF as these have very high and very low expenses due to their structural nature.
Even though the difference between the expense ratio of direct and regular plans might not look large at first and in percentage terms, it does impact the overall corpus over a period of time.
If you check AMFI’s website (link), it discusses about the Total Expense Ratio in detail. Here is what it has to say:
Mutual Funds are permitted to charge certain operating expenses for managing a mutual fund scheme – such as sales & marketing/advertising expenses, administrative expenses, transaction costs, investment management fees, registrar fees, custodian fees, audit fees – as a percentage of the fund’s daily net assets. All such costs for running and managing a mutual fund scheme are collectively referred to as ‘Total Expense Ratio’ (TER)
The TER is calculated as a percentage of the Scheme’s average Net Asset Value (NAV). The daily NAV of a mutual fund is disclosed after deducting all such expenses.
The latest TER limits are as follows:
- On the first Rs 500 crore of AUM (Assets Under Management), the Maximum TER as a percentage of daily net assets that can be charged is 2.25% for Equity Funds and 2.00% for Debt Funds
- On the next Rs 250 crore of AUM, the Maximum TER that can be charged is 2.00% for Equity Funds and 1.75% for Debt Funds
- On the next Rs 1250 crore of AUM, the Maximum TER that can be charged is 1.75% for Equity Funds and 1.50% for Debt Funds
- On the next Rs 3000 crore of AUM, the Maximum TER that can be charged is 1.60% for Equity Funds and 1.35% for Debt Funds
- On the next Rs 5000 crore of AUM, the Maximum TER that can be charged is 1.50% for Equity Funds and 1.25% for Debt Funds
- On the next Rs 40,000 crore of AUM, the Maximum TER limit reduction of 0.05% for every increase of Rs 5000 crores in AUM, for both equity and debt funds.
- Above an AUM of Rs 50,000 crore, the Maximum TER that can be charged is 1.05% for Equity Funds and 0.80% for Debt Funds
Note – You can check the TER of mutual funds here on AMFI’s site.
This TER has a direct bearing on a scheme’s NAV. The lower the expense ratio of a scheme, the higher the NAV will be. This clearly gets highlighted when you compare the NAV of direct and regular plans of the same fund.
Since the expense ratio is charged on a periodic but frequently regular basis, a high expense ratio over the long term will definitely eat into your returns because of the power of compounding.
I hope you found this complete mutual fund expense ratio list useful and more importantly, it helped you see how high the expense ratio of regular mutual funds in India are when you compare it with direct plans of the same funds.
So that was about the Mutual fund expense ratio comparison (2023) in India.