The Parikh Long Term Value Fund has announced that it will reduce its expense ratio by 20 bps at least. The reduction in th expense ratio will be applicable for both direct and regular plans and will be effective from Jan 1.
With the new changes the expense ratio of the direct plan stands at 1.8% for direct plans. The revised expense ratio for the regular plan stands at 2.3%.
Expense ratio is considered important as the total expense ratio is a measure of the total costs associated with managing and operating mutual fund schemes.