General Studies · Mutual Funds

Under SEBI (Mutual Funds) Regulations, 1996, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. All such costs are collectively referred to as the 'Total Expense Ratio' (TER). TER is calculated as a percentage of the scheme's average ________.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Total Investments
2Simple Annualised Return
3Absolute Returns
4Net Asset Value (NAV)✓

Correct answer

Net Asset Value (NAV)

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Under SEBI (Mutual Funds) Regulations, 1996, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. All such costs are collectively referred to as the 'Total Expense Ratio' (TER). TER is calculated as a percentage of the scheme's average ________.

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Under SEBI (Mutual Funds) Regulations, 1996, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. All such costs are collectively referred to as the 'Total Expense Ratio' (TER). TER is calculated as a percentage of the scheme's average ________.

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