Why does a mutual fund's TER change?

SEBI sets maximum TER limits that fall as a scheme's assets grow, so fund houses revise TER as AUM crosses slabs, and may also change it within the limit. Fund houses must notify investors before an increase in TER. MFIC reads the daily TER disclosed on AMFI's website.

Does a change in TER affect my returns?

TER is deducted from the scheme's assets every day, so the NAV and the returns shown are already after TER. A lower TER leaves more of the portfolio's return with investors; it is one factor among several, alongside the scheme's mandate, risk and consistency.

What does a riskometer change mean?

The riskometer is a SEBI label of a scheme's potential risk, from Low to Very High, reviewed monthly from its portfolio. A change reflects what the scheme holds; it is not a forecast of returns.

Where do the fund manager changes come from?

From each scheme's Summary Document published via AMFI: the "managing since" date of each listed manager, and changes MFIC sees in the listed names between two monthly reads. The fund house's addenda are the official notice.

MFIC › Disclosure changes

Mutual fund TER, riskometer and fund manager changes

Direct plans · changes since 4 Jun 2026 as disclosed via AMFI · list updated 2 Oct 2026.

TER reductions

988

TER increases

1,274

Announced for later dates

Riskometer changes

Fund manager changes

Largest TER reductions

Scheme	TER	pp
Axis Nifty Energy Index Fund Index Fund	9.38% → 1.79% 1 Oct 2026	−7.59
WhiteOak Capital Dividend Yield Fund Dividend Yield	8.57% → 2.53% 1 Oct 2026	−6.04
Zerodha Arbitrage Fund Arbitrage	3.83% → 2.31% 1 Oct 2026	−1.52
Baroda BNP Paribas Services Fund Sectoral/Thematic	2.63% → 1.69% 1 Oct 2026	−0.94
Abakkus Large & Mid Cap Fund Large & Mid Cap	3.21% → 2.29% 1 Oct 2026	−0.92
The Wealth Company Mid Cap Fund Mid Cap	3.01% → 2.26% 1 Oct 2026	−0.75
AlphaGrep Flexi Cap Fund Flexi Cap	3.29% → 2.80% 1 Oct 2026	−0.49
Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Debt Index Fund	1.13% → 0.69% 1 Oct 2026	−0.44
TRUSTMF LARGE & MIDCAP FUND Large & Mid Cap	2.68% → 2.28% 1 Oct 2026	−0.40
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Index Fund	1.77% → 1.38% 1 Oct 2026	−0.39

Largest TER increases

Scheme	TER	pp
Mirae Asset BSE Information Technology Index Fund Index Fund	0.21% → 7.96% 1 Oct 2026	+7.75
UTI BSE India Sector Leaders Index Fund Index Fund	0.24% → 5.25% 1 Oct 2026	+5.01
Shriram Gold ETF Passive FOF Domestic FoF	0.19% → 5.03% 1 Oct 2026	+4.84
The Wealth Company Multi Cap Fund Multi Cap	0.47% → 4.86% 1 Oct 2026	+4.39
Invesco India Pharma and Healthcare Fund Sectoral/Thematic	0.59% → 3.30% 1 Oct 2026	+2.71
Zerodha Life Cycle Fund 2031 Life Cycle	0.49% → 2.98% 1 Oct 2026	+2.49
Motilal Oswal Quality Fund Sectoral/Thematic	2.34% → 4.78% 1 Oct 2026	+2.44
ITI Multi Asset Allocation Fund Multi Asset Allocation	0.41% → 1.93% 1 Oct 2026	+1.52
BANK OF INDIA VALUE FUND Value	1.34% → 1.66% 1 Oct 2026	+0.32
Samco Large Cap Fund Large Cap	1.86% → 2.15% 1 Oct 2026	+0.29

Riskometer changes

No riskometer changes recorded yet. MFIC records them from its first read of AMFI Fund Performance (30 Sep 2026) onwards.

Source: AMFI Fund Performance (scheme riskometer). The riskometer is a SEBI label of potential risk, not a forecast.

Fund manager changes

Scheme	Change	Date
HDFC BSE REITS and Commercial Real Estate Index Fund Index Fund	Managing from this date: FM1	22 Sep 2026
HDFC BSE REITS and Commercial Real Estate Index Fund Index Fund	Managing from this date: FM2	22 Sep 2026
BARODA BNP PARIBAS AGGRESSIVE HYBRID FUND Aggressive Hybrid	Managing from this date: Kushant Arora	16 Sep 2026
BARODA BNP PARIBAS AGGRESSIVE HYBRID FUND Aggressive Hybrid	Managing from this date: Prashant Pimple	16 Sep 2026
BARODA BNP PARIBAS CONSERVATIVE HYBRID FUND Conservative Hybrid	Managing from this date: Prashant Pimple	16 Sep 2026
BARODA BNP PARIBAS CONSERVATIVE HYBRID FUND Conservative Hybrid	Managing from this date: Vikram Pamnani	16 Sep 2026
BARODA BNP PARIBAS GILT FUND Gilt	Managing from this date: Prashant Pimple	16 Sep 2026
BARODA BNP PARIBAS GILT FUND Gilt	Managing from this date: Vikram Pamnani	16 Sep 2026
BARODA BNP PARIBAS LIQUID FUND Liquid	Managing from this date: Vikram Pamnani	16 Sep 2026
BARODA BNP PARIBAS LIQUID FUND Liquid	Managing from this date: Prashant Pimple	16 Sep 2026
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND Ultra Short to Short Term	Managing from this date: Vikram Pamnani	16 Sep 2026
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND Ultra Short to Short Term	Managing from this date: Ayan Nandy	16 Sep 2026
Baroda BNP Paribas Balanced Advantage Fund Balanced Advantage	Managing from this date: Neeraj Saxena	16 Sep 2026
Baroda BNP Paribas Balanced Advantage Fund Balanced Advantage	Managing from this date: Prashant Pimple	16 Sep 2026
Baroda BNP Paribas Dynamic Term Fund Dynamic Bond	Managing from this date: Prashant Pimple	16 Sep 2026
Baroda BNP Paribas Dynamic Term Fund Dynamic Bond	Managing from this date: Vikram Pamnani	16 Sep 2026
Baroda BNP Paribas Equity Savings Fund Equity Savings	Managing from this date: Neeraj Saxena	16 Sep 2026
Baroda BNP Paribas Equity Savings Fund Equity Savings	Managing from this date: Vikram Pamnani	16 Sep 2026
Baroda BNP Paribas Gold ETF Fund of Fund Domestic FoF	Managing from this date: Vikram Pamnani	16 Sep 2026
Baroda BNP Paribas Money Market Fund Money Market	Managing from this date: Vikram Pamnani	16 Sep 2026
Baroda BNP Paribas Money Market Fund Money Market	Managing from this date: Prashant Pimple	16 Sep 2026
Baroda BNP Paribas NIFTY SDL December 2028 Index Fund Debt Index Fund	Managing from this date: Vikram Pamnani	16 Sep 2026
Baroda BNP Paribas NIFTY SDL December 2028 Index Fund Debt Index Fund	Managing from this date: Ayan Nandy	16 Sep 2026
Baroda BNP Paribas Overnight Fund Overnight	Managing from this date: Vikram Pamnani	16 Sep 2026
Baroda BNP Paribas Overnight Fund Overnight	Managing from this date: Ayan Nandy	16 Sep 2026

Source: Scheme Summary Documents published via AMFI. All fund managers → · All 40 manager changes →

See all 2,262 TER changes →

Questions

Why does a mutual fund's TER change?: SEBI sets maximum TER limits that fall as a scheme's assets grow, so fund houses revise TER as AUM crosses slabs, and may also change it within the limit. Fund houses must notify investors before an increase in TER. MFIC reads the daily TER disclosed on AMFI's website.
Does a change in TER affect my returns?: TER is deducted from the scheme's assets every day, so the NAV and the returns shown are already after TER. A lower TER leaves more of the portfolio's return with investors; it is one factor among several, alongside the scheme's mandate, risk and consistency.
What does a riskometer change mean?: The riskometer is a SEBI label of a scheme's potential risk, from Low to Very High, reviewed monthly from its portfolio. A change reflects what the scheme holds; it is not a forecast of returns.
Where do the fund manager changes come from?: From each scheme's Summary Document published via AMFI: the "managing since" date of each listed manager, and changes MFIC sees in the listed names between two monthly reads. The fund house's addenda are the official notice.

Data & disclosure. Facts as disclosed by fund houses via AMFI, collected by MFIC; a change listed here is not a view on any scheme. Educational information, not investment advice. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155).