Comment on ETF - Exchange Traded Funds
commented on
31 May 2015, 10:20 AM
Sukesh, even if these are traded on exchanges the Fund house charges an expense ratio. The expense ratio is much lesser than the traditional mutual funds. So for Nifty bees managed by GS, they charge upto 0.8% annualized as an expense ratio. So if the fund size is say 5000 crore, they can make upto Rs 40 crores a year for managing this ETF.