SEBI MF Total Expense Ratio caps under Regulation 52

Sun, 17 May 2026 00:00:00 +0000

Regulation 52 of the SEBI (Mutual Funds) Regulations, 1996 establishes the Total Expense Ratio (TER) cap framework that governs the maximum annual expenses chargeable by Indian mutual fund schemes. The TER cap framework defines, by scheme type and AUM tier, the upper bound on the percentage of average daily net assets that an AMC can charge to investors as scheme expenses. The framework is one of the principal investor-protection mechanisms in Indian mutual fund regulation, designed to prevent excessive expense charges and ensure cost transparency.

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SEBI MF Total Expense Ratio caps under Regulation 52