Investing

Mutual Fund Expense Ratio Impact

A 1.5% difference in expense ratio looks tiny on a brochure. Over 20 years it eats roughly a fifth of your corpus.

Your numbers

years
% p.a.
% p.a.
% p.a.

Your result

₹26.02 lakh

₹15,000/month for 20 years at 12% gross gives you ₹1.44 crore in a 0.3% expense ratio fund, vs ₹1.18 crore in a 1.8% one. The "small" 1.50% difference costs you ₹26.02 lakh, which is 22% of the higher-expense fund's corpus.

At 1.8% expense ratio₹1.18 crore
At 0.3% expense ratio₹1.44 crore
Low-expense corpus
₹1.44 crore
High-expense corpus
₹1.18 crore
Difference
₹26.02 lakh
As a % of high-expense corpus
22.1%

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Direct plans vs Regular plans

Every mutual fund has TWO versions in India: Regular (sold via distributor, includes 0.5-1% trail commission) and Direct (bought through fund AMC website or AMFI portal, no commission). They are the SAME fund, same manager, same portfolio. Direct just has a lower expense ratio by 0.5-1.5 percentage points because there is no broker between you and the AMC.

Typical expense ratios in 2026 India

  • Index funds (Nifty 50, Nifty Next 50): 0.10-0.50% Direct, 0.40-1.00% Regular.
  • Large-cap active funds: 0.80-1.50% Direct, 1.80-2.30% Regular.
  • Mid- and small-cap active funds: 1.00-1.80% Direct, 2.00-2.50% Regular.
  • Sectoral / thematic funds: 1.50-2.20% Direct, 2.30-2.50% Regular.
  • Debt mutual funds: 0.20-0.80% Direct, 0.80-1.50% Regular.