Mutual Fund & ETF Expense Ratio Screener

TER (now called Base Expense Ratio or BER under SEBI's 2026 regulations) is the annual fee deducted silently from your NAV every single day — whether markets go up or down. A 1.5% expense ratio on ₹1 lakh = ₹1,500/year gone automatically. Over 20 years, a 1% expense ratio difference compounds into losing 18–22% of your total corpus. SEBI caps equity fund expense ratios at 2.25% and ETF/index fund expense ratios at 0.90% (lowered from 1.00% in 2026).

Direct plans have no distributor — you invest through the AMC or a SEBI-registered fee-only advisor. Regular plans route through a bank, broker, or app that earns trail commission from your money every year. Both plans hold identical underlying securities; the only difference is cost. Direct TER is typically 0.5%–1.5% lower than Regular. The Comm. Gap column in this screener shows the exact percentage your broker earns from your investment annually.

The commission gap = Regular TER minus Direct TER — the percentage that goes to your distributor each year. On ₹10 lakh with a 1% commission gap, ₹10,000/year goes to your broker, not your returns. Over 15 years of SIP at ₹10,000/month with 12% market growth, that 1% gap compounds to approximately ₹35–40 lakh less in your final corpus versus a Direct plan. Sort this screener by "Commission Gap — Highest first" to see which funds pay distributors the most from your money.

ETFs are traded on stock exchanges like shares — anyone with a demat account buys and sells at market price. There is no Direct or Regular plan concept for ETFs. The single expense ratio covers the AMC's management cost only, with no distributor commission layer. That is why ETFs are typically the cheapest investment vehicle in India — many Nifty 50 ETFs charge as little as 0.04%/year. Under SEBI's 2026 regulations, the expense ratio cap for ETFs and index funds was lowered from 1.00% to 0.90%.

In December 2025, SEBI notified the Mutual Funds Regulations, 2026, renaming Total Expense Ratio (TER) to Base Expense Ratio (BER). BER now excludes GST, stamp duty, and SEBI regulatory fees — those are charged separately. More importantly, the expense ratio cap for ETFs and index funds dropped from 1.00% to 0.90%. This screener reflects the latest BER data from AMFI's monthly filings. For most investors comparing costs between funds, the numbers work identically to before — just renamed and more transparent in their breakdown.

Nifty 50 ETFs are typically the cheapest at 0.04%–0.12%/year. Bharat Bond ETFs charge 0.0005%–0.04% depending on series. Gold ETFs range 0.40%–0.65%. Silver ETFs typically charge 0.40%–0.50%. Use the ETF tab in this screener, set Category to filter by type, and sort by Expense Ratio — Lowest first to see current cheapest options. Data is sourced from AMFI's official monthly BER disclosures — no editorial scoring.

A FoF charges its own expense ratio on top of the underlying fund's expense ratio. Since 2018, SEBI mandates that the consolidated all-in expense ratio for FoFs is disclosed in AMFI filings — so the figure in this screener for any FoF already includes the underlying cost. An international FoF investing in an overseas ETF (charging 0.20%–0.50%) and adding its own 0.40%–0.80% wrapper will show a combined 0.80%–1.50% in the data. No calculation required — just read the column.

In most cases, a Gold ETF is cheaper — FoFs add a wrapper cost on top of the ETF's expense ratio. The key practical difference: a Gold ETF requires a demat account and trades during market hours; a Gold ETF FoF works like a regular mutual fund with no demat needed. Search "gold" in the ETF tab of this screener to compare all Gold ETF expense ratios side by side from AMFI's official data.

All data is sourced exclusively from AMFI's official monthly BER disclosure, mandated by SEBI. NAV and return data comes from AMFI's NAVAll.txt and historical NAV reports — the same source AMCs and regulators use. No third-party, editorial, or proprietary data is used.

AMFI publishes expense ratio data on a rolling daily basis, with full monthly filings. This screener processes the latest complete month's data at the start of each month — averaging daily entries within the month for stability (avoids one anomalous day skewing the figure). The "Last updated" date shown in the beta notice reflects the actual data refresh. Return figures use a 5-day lookback window to handle NAV gaps common in overseas FoFs.

Every rupee of the commission gap goes to your distributor, not your returns. If your bank's mutual fund app shows Regular plans, your bank earns trail commission from your investment — typically 0.5%–1.0%/year. On a ₹5 lakh portfolio, that is ₹2,500–5,000 annually going to the distributor. Direct plans are available through AMC websites, MFCentral, CAMS, KFintech, and SEBI-registered fee-only advisors. The Comm. Gap column here shows exactly which funds your distributor profits most from recommending.

Completely free, no account, no email, no login required — ever. Data is downloaded from AMFI's public API and served as a static file with no tracking beyond standard site analytics. Built to give Indian investors unbiased, official data without any commercial incentive from fund transactions.

Yes. Mutual Funds tab → Category → "Liquid / Overnight" or "Ultra Short / Low Duration" → sort by Direct TER — Lowest first. Liquid fund TERs typically range 0.10%–0.40%, with commission gaps of 0.05%–0.20% — much smaller than equity funds where the gap can exceed 1.0%. For gilt and long-duration debt, the commission gap is modest, making ELSS and sectoral equity funds the higher priority for Direct plan switching.