Mathematics · Averages and Percentages in Mutual Funds
If the average Assets Under Management (AUM) of a mutual fund scheme for a given financial year is ₹1,000 crore and its Total Expense Ratio (TER) is 2.0%, what is the total annual expense amount borne by the unit-holders of this fund?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2.0 crore
- 2₹10.0 crore
- 3₹20.0 crore✓
- 4₹2.0 lakh
Correct answer
₹20.0 crore
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