Regulation 52 on WebNotes

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.

PPFAS TER History per Scheme

Sat, 16 May 2026 00:00:00 +0000

The TER history per scheme of PPFAS Mutual Fund denotes the time series of total expense ratio (TER) values reported by each of the seven active schemes managed by PPFAS Asset Management Private Limited , broken down by Direct Plan and Regular Plan, from the launch date of each scheme through to May 2026. The TER is the headline annual cost charged to the unit-holders of an open-ended mutual fund scheme and includes the AMC’s investment management fee, the trustee fee, the custodian and registrar fees, and (in the Regular Plan only) the distributor trail commission . It is capped industry-wide by SEBI Regulation 52 under the SEBI Mutual Funds Regulations, 1996 , which prescribes maximum TER values on an AUM-slab basis.

Exit load cap rule, Indian mutual funds

Tue, 12 May 2026 00:00:00 +0000

The exit load cap rule in Indian mutual fund regulation refers to the suite of provisions under Regulation 52 of the SEBI (Mutual Funds) Regulations, 1996 that govern the maximum exit load an AMC may charge and the mandatory credit of such loads to the scheme rather than to AMC revenues. The most significant milestones in the evolution of this framework are: the abolition of entry loads by SEBI circular dated 30 June 2009; the mandatory credit of exit loads above 1% to the scheme (from 1 October 2012); and the effective cap on exit loads at 1% for all redemptions after one year for equity schemes. These rules are enforced by the SEBI Investment Management Department .