Comment on Introducing Coin - our Direct Mutual Fund Platform
commented on
27 Mar 2017, 07:19 PM
SK, mutual funds apply an expense ratio daily on the NAV. The expense ratio is higher for distributor mode vs direct. So yeah, it doesn’t get reflected in statement, the NAV reduces. The landing page of coin gives an example, 5k/month SIP at end of 25 years (@15% CAGR), the corpus is Rs 1.38 crores if in distributor mode and Rs 1.64 crores in direct. So Saving of Rs 28 lks.