What are recurring expenses chargeable to mutual funds?

1. Investment management fees is the most significant charge and includes the expertise and fi nancial analysis required for professional fund management

2. Marketing and selling expenses including advertisement and sales commission to distributors

3. Fees of custodians and registrar and transfer agents for fund administration

4. Audit fees and trustee fees

5. Costs relating to investor communication including providing account statements and statutory disclosure and advertisements

(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)

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