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

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

TER reductions

TER increases

Announced for later dates

Riskometer changes

Fund manager changes

Largest TER reductions

Scheme	TER	pp
Axis Nifty Energy ETF Equity ETF	9.42% → 1.70% 1 Oct 2026	−7.72
UTI Nifty 500 Exchange Traded Fund Equity ETF	7.39% → 1.30% 1 Oct 2026	−6.09
Motilal Oswal Nifty Oil & Gas ETF Equity ETF	8.83% → 5.14% 1 Oct 2026	−3.69
Bajaj Finserv BSE Top 10 Banks ETF Equity ETF	3.67% → 0.15% 1 Oct 2026	−3.52
Motilal Oswal Nifty Metal ETF Equity ETF	7.92% → 4.67% 1 Oct 2026	−3.25
Invesco India BSE Sensex ETF Equity ETF	3.87% → 1.75% 1 Oct 2026	−2.12
Invesco India Nifty Bank ETF Equity ETF	3.28% → 1.44% 1 Oct 2026	−1.84
Mirae Asset Nifty200 Momentum 30 Plus 8-13 yr G-Sec 50:50 ETF Debt ETF	0.82% → 0.51% 1 Oct 2026	−0.31
Mirae Asset Nifty 500 Value 50 ETF Equity ETF	1.11% → 0.99% 1 Oct 2026	−0.12
Mirae Asset BSE Midcap 150 Momentum 30 ETF Equity ETF	1.89% → 1.78% 1 Oct 2026	−0.11

Largest TER increases

Scheme	TER	pp
UTI BSE India Sector Leaders Exchange Traded Fund Equity ETF	0.24% → 3.12% 1 Oct 2026	+2.88
Motilal Oswal BSE Top 10 Banks ETF Equity ETF	0.46% → 2.04% 1 Oct 2026	+1.58
Motilal Oswal BSE Low Volatility ETF Equity ETF	0.56% → 0.78% 1 Oct 2026	+0.22
Motilal Oswal BSE Quality ETF Equity ETF	0.62% → 0.79% 1 Oct 2026	+0.17
Motilal Oswal Nifty Services Sector ETF Equity ETF	0.61% → 0.78% 1 Oct 2026	+0.17
Mirae Asset BSE Select IPO ETF Equity ETF	0.52% → 0.60% 1 Oct 2026	+0.08
Motilal Oswal Nifty Smallcap 250 ETF Equity ETF	0.50% → 0.58% 1 Oct 2026	+0.08
Motilal Oswal Nifty Alpha 50 ETF Equity ETF	0.96% → 1.03% 1 Oct 2026	+0.07
Motilal Oswal Nifty Capital Market ETF Equity ETF	0.95% → 1.02% 1 Oct 2026	+0.07
Motilal Oswal Nifty 50 Equal Weight ETF Equity ETF	0.21% → 0.28% 1 Oct 2026	+0.07

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
Baroda BNP Paribas Gold ETF Gold ETF	Managing from this date: Vikram Pamnani	16 Sep 2026
Baroda BNP Paribas Gold ETF Gold ETF	Managing from this date: Ayan Nandy	16 Sep 2026

Source: Scheme Summary Documents published via AMFI. All fund managers →

See all 118 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).