Mutual Fund Expense Ratio List Comparing Direct Vs Regular Plans (Updated 2022)

I was recently doing a mutual fund expense ratio comparison for direct and regular plans (2022).

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 (2022) 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 expenses/commissions paid to the intermediaries or distributors 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 (2022) in India.

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