HDFC index funds expense ratio doubled in direct plans from 15-Apr-2021

[james76]

HDFC index fund Nifty 50 direct plan and HDFC index fund Sensex direct plans expense ratio increased from 0.10 to 0.20 from 15-Apr-2021

HDFC index fund Nifty 50 Regular plan and HDFC index fund Sensex Regular plans expense ratio increased from 0.30 to 0.40 from 15-Apr-2021

Checkout the notice from official site https://www.hdfcfund.com/statutory-disclosure/total-expense-ratio-of-mutual-fund-schemes/reports

Edit:
As many pointed in comments, even UTI increased TER from 0.10 to 0.18, thanks to @kj_oregon and others for pointing that out

https://doc.utimf.com/v1/AUTH_5b9dd...e TER w.e.f April 16, 202120210408-113741.pdf

 

[wilddaisy]

@james76 I'm worried that uti will follow suit. I hope vanguard comes to India. They have a track record of low fees so they're more reliable.

 

[petra8586]

@wilddaisy Vanguard won't be coming anytime soon. It's too small market for them. Look at active to index funds AUM ratio.

Our best bet is Vanguard Indian version from Zerodha but it's taking forever for them.

 

[jesuschristismylord33]

@petra8586 Zerodha has applied for AMC license

 

[wilddaisy]

@petra8586 The sbi nifty etf has 95k cr aum. Uti etf has aum of 25k That's high.

 

[whittney1234]

@wilddaisy The SBI ETF AUM is high because that's where the EPF has invested.

 

[petra8586]

@wilddaisy That's nothing in dollar terms.

It's what they had said when asked about India entry.

 

[wilddaisy]

@petra8586 Oh man. That sucks.

 

[coostox]

@wilddaisy Just posted another comment before I got here. Looks like UTI is also increasing to 0.18%. UTI MF TER changes

 

[kj_oregon]

@wilddaisy JUST IN : UTI also increased the expense ration to 0.18% Add this in the post header so that people do not switch unnecessarily !

https://doc.utimf.com/v1/AUTH_5b9dd...e TER w.e.f April 16, 202120210408-113741.pdf

 

[toe]

@wilddaisy Should we shift to UTI from HDFC index?

 

[wilddaisy]

@toe I'm already on uti. I generally avoid anything Hdfc although I have a bank account there.
Tbf uti are hardly saints.

 

[shanah]

@wilddaisy > Tbf uti are hardly saints.

I am planning to make my first investment in UTI Index fund. May I know why?

 

[wilddaisy]

@shanah My friend was invested in some of their debt funds and was complaining about not side pocketing because of the dhfl issues. He said they didn't consider existing investors interests in mind. He had a point. Although I just retorted with the usual don't invest in risky debt funds schtik.

Anyway I do have a lot of money in uti index funds and a little in their arbitrage fund. They are among the better amcs but dont expect purity. I suppose it's always asking for too much.

 

[stefo]

@wilddaisy It's usually their debt funds where they are not very investor focused and don't act in the best interest of the investors.

 

[stefo]

@shanah Do so without any conviction. Their index fund is probably the best right now considering fees, tracking error and other things.

 

[shanah]

@stefo Yes, thanks. Btw, I don't have a demat account. What would you recommend:

1. buying directly from their site
2. Using third party sites like kuvera, zerodha, paytm money?

 

[stefo]

@shanah You don't need a demat account to buy a Mutual Fund. I would use a third party site like Kuvera to buy them, as Kuvera has a few add on services to monitor your portfolio too. Specially if you are investing in other funds as well.

I believe Zerodha buys mutual funds in Demat form, which is not the best way to buy it. I personally use Kuvera.

 

[shanah]

@stefo Thanks

 

[cozicup]

@shanah You could also try out ETMoney