The percentage profit shown for purchased mutual funds on Zerodha Coin, is this profit after adjusting the expense ratio or the expense ratio charge is deducted at a later point…? Please clarify as I am new to MF investing.
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Expense is deducted on daily basis.
For example,
A fund has expense ratio of 2% and AUM is 100 crores.
Everyday 2% of 100 crores divided by 365 is taken out of AUM.
In this example it turns out to be 54794 rs.
NAV is adjusted for same on daily basis.
So answer to your query is
YES. Profit shown is adjusted for expense ratio.
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Thanks Bikram! That was helpful information!
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