GST on mutual fund management fees

Tue, 19 May 2026 00:00:00 +0000

GST at 18% applies to mutual fund management fees under the Goods and Services Tax framework introduced from July 2017. The GST is on the management-fee component of the Total Expense Ratio (TER) , is embedded within the disclosed TER, and is ultimately borne by the investor via the scheme NAV mechanics.

For Indian retail investors, the GST is not a separate line item visible in mutual fund statements but is embedded in the TER. Understanding its presence is relevant for cost analysis and AMC margin understanding.

Management Fees on WebNotes

GST on mutual fund management fees