MFIC › Disclosure changes › Expense Ratio (TER) Changes
Mutual fund expense ratio (TER) changes
ETF plans · changes since 4 Jun 2026 as disclosed via AMFI · list updated 2 Oct 2026.
TER reductions
48
TER increases
70
Announced for later dates
0
Riskometer changes
0
Fund manager changes
2
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 |
All TER changes newest first
| Scheme | TER before | TER after | Change (pp) | Effective |
|---|---|---|---|---|
| Axis NIFTY Healthcare ETF Equity ETF | 0.44% | 0.45% | +0.01 | 1 Oct 2026 |
| Axis NIFTY IT ETF Equity ETF | 0.66% | 0.64% | −0.02 | 1 Oct 2026 |
| Axis NIFTY India Consumption ETF Equity ETF | 0.46% | 0.47% | +0.01 | 1 Oct 2026 |
| Axis Nifty 50 ETF Equity ETF | 0.17% | 0.16% | −0.01 | 1 Oct 2026 |
| Axis Nifty Energy ETF Equity ETF | 9.42% | 1.70% | −7.72 | 1 Oct 2026 |
| Axis Nifty500 Value 50 ETF Equity ETF | 0.51% | 0.48% | −0.03 | 1 Oct 2026 |
| Bajaj Finserv BSE Top 10 Banks ETF Equity ETF | 3.67% | 0.15% | −3.52 | 1 Oct 2026 |
| Bajaj Finserv Nifty 50 ETF Equity ETF | 0.09% | 0.08% | −0.01 | 1 Oct 2026 |
| Bajaj Finserv Nifty Bank ETF Equity ETF | 0.15% | 0.14% | −0.01 | 1 Oct 2026 |
| Baroda BNP Paribas Nifty Bank ETF Equity ETF | 0.54% | 0.52% | −0.02 | 1 Oct 2026 |
| Invesco India BSE Sensex ETF Equity ETF | 3.87% | 1.75% | −2.12 | 1 Oct 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.12% | +0.01 | 1 Oct 2026 |
| Invesco India Nifty Bank ETF Equity ETF | 3.28% | 1.44% | −1.84 | 1 Oct 2026 |
| LIC MF Nifty 100 ETF Equity ETF | 0.29% | 0.30% | +0.01 | 1 Oct 2026 |
| LIC MF Nifty Midcap 100 ETF Equity ETF | 0.16% | 0.21% | +0.05 | 1 Oct 2026 |
| Mirae Asset BSE 200 Equal Weight ETF Equity ETF | 0.49% | 0.51% | +0.02 | 1 Oct 2026 |
| Mirae Asset BSE India Defence ETF Equity ETF | 0.66% | 0.64% | −0.02 | 1 Oct 2026 |
| Mirae Asset BSE Midcap 150 Momentum 30 ETF Equity ETF | 1.89% | 1.78% | −0.11 | 1 Oct 2026 |
| Mirae Asset BSE Select IPO ETF Equity ETF | 0.52% | 0.60% | +0.08 | 1 Oct 2026 |
| Mirae Asset BSE Sensex ETF Equity ETF | 0.10% | 0.12% | +0.02 | 1 Oct 2026 |
| Mirae Asset Hang Seng TECH ETF Equity ETF | 0.64% | 0.65% | +0.01 | 1 Oct 2026 |
| Mirae Asset Nifty 100 ESG Sector Leaders ETF Equity ETF | 0.46% | 0.45% | −0.01 | 1 Oct 2026 |
| Mirae Asset Nifty 100 Low Volatility 30 ETF Equity ETF | 0.44% | 0.48% | +0.04 | 1 Oct 2026 |
| Mirae Asset Nifty 200 Alpha 30 ETF Equity ETF | 0.72% | 0.78% | +0.06 | 1 Oct 2026 |
| Mirae Asset Nifty 500 Value 50 ETF Equity ETF | 1.11% | 0.99% | −0.12 | 1 Oct 2026 |
| Mirae Asset Nifty 8-13 yr G-Sec ETF Debt ETF | 0.11% | 0.12% | +0.01 | 1 Oct 2026 |
| Mirae Asset Nifty Bank ETF Equity ETF | 0.16% | 0.17% | +0.01 | 1 Oct 2026 |
| Mirae Asset Nifty EV and New Age Automotive ETF Equity ETF | 0.48% | 0.50% | +0.02 | 1 Oct 2026 |
| Mirae Asset Nifty IT ETF Equity ETF | 0.40% | 0.39% | −0.01 | 1 Oct 2026 |
| Mirae Asset Nifty India Infrastructure & Logistics ETF Equity ETF | 0.34% | 0.37% | +0.03 | 1 Oct 2026 |
| Mirae Asset Nifty India Internet ETF Equity ETF | 0.46% | 0.47% | +0.01 | 1 Oct 2026 |
| Mirae Asset Nifty India Manufacturing ETF Equity ETF | 0.51% | 0.52% | +0.01 | 1 Oct 2026 |
| Mirae Asset Nifty India New Age Consumption ETF Equity ETF | 0.45% | 0.46% | +0.01 | 1 Oct 2026 |
| Mirae Asset Nifty Metal ETF Equity ETF | 0.50% | 0.53% | +0.03 | 1 Oct 2026 |
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Equity ETF | 0.68% | 0.64% | −0.04 | 1 Oct 2026 |
| Mirae Asset Nifty Midcap 150 ETF Equity ETF | 0.12% | 0.17% | +0.05 | 1 Oct 2026 |
| Mirae Asset Nifty Next 50 ETF Equity ETF | 0.14% | 0.19% | +0.05 | 1 Oct 2026 |
| Mirae Asset Nifty PSU Bank ETF Equity ETF | 0.31% | 0.30% | −0.01 | 1 Oct 2026 |
| Mirae Asset Nifty Smallcap 250 ETF Equity ETF | 0.29% | 0.34% | +0.05 | 1 Oct 2026 |
| Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Equity ETF | 0.76% | 0.73% | −0.03 | 1 Oct 2026 |
| Mirae Asset Nifty Top 20 Equal Weight ETF Equity ETF | 0.25% | 0.26% | +0.01 | 1 Oct 2026 |
| Mirae Asset Nifty200 Momentum 30 Plus 8-13 yr G-Sec 50:50 ETF Debt ETF | 0.82% | 0.51% | −0.31 | 1 Oct 2026 |
| Mirae Asset Nifty50 Equal Weight ETF Equity ETF | 0.38% | 0.35% | −0.03 | 1 Oct 2026 |
| Mirae Asset Nifty500 Multicap 50:25:25 ETF Equity ETF | 0.24% | 0.26% | +0.02 | 1 Oct 2026 |
| Motilal Oswal BSE Enhanced Value ETF Equity ETF | 0.43% | 0.48% | +0.05 | 1 Oct 2026 |
| Motilal Oswal BSE India Infrastructure ETF Equity ETF | 0.64% | 0.65% | +0.01 | 1 Oct 2026 |
| Motilal Oswal BSE Low Volatility ETF Equity ETF | 0.56% | 0.78% | +0.22 | 1 Oct 2026 |
| Motilal Oswal BSE Quality ETF Equity ETF | 0.62% | 0.79% | +0.17 | 1 Oct 2026 |
| Motilal Oswal BSE Select IPO ETF Equity ETF | 0.64% | 0.71% | +0.07 | 1 Oct 2026 |
| Motilal Oswal BSE Top 10 Banks ETF Equity ETF | 0.46% | 2.04% | +1.58 | 1 Oct 2026 |
| Motilal Oswal Nasdaq Q50 ETF Equity ETF | 0.56% | 0.57% | +0.01 | 1 Oct 2026 |
| Motilal Oswal Nifty 100 ETF Equity ETF | 0.66% | 0.68% | +0.02 | 1 Oct 2026 |
| Motilal Oswal Nifty 200 Momentum 30 ETF Equity ETF | 0.93% | 0.84% | −0.09 | 1 Oct 2026 |
| Motilal Oswal Nifty 5 year benchmark G-Sec ETF Debt ETF | 0.30% | 0.29% | −0.01 | 1 Oct 2026 |
| Motilal Oswal Nifty 50 ETF Equity ETF | 0.28% | 0.24% | −0.04 | 1 Oct 2026 |
| Motilal Oswal Nifty 50 Equal Weight ETF Equity ETF | 0.21% | 0.28% | +0.07 | 1 Oct 2026 |
| Motilal Oswal Nifty 500 Momentum 50 ETF Equity ETF | 0.94% | 0.88% | −0.06 | 1 Oct 2026 |
| Motilal Oswal Nifty Alpha 50 ETF Equity ETF | 0.96% | 1.03% | +0.07 | 1 Oct 2026 |
| Motilal Oswal Nifty Capital Market ETF Equity ETF | 0.95% | 1.02% | +0.07 | 1 Oct 2026 |
| Motilal Oswal Nifty Energy ETF Equity ETF | 0.79% | 0.78% | −0.01 | 1 Oct 2026 |
| Motilal Oswal Nifty India Defence ETF Equity ETF | 0.59% | 0.60% | +0.01 | 1 Oct 2026 |
| Motilal Oswal Nifty India Manufacturing ETF Equity ETF | 0.65% | 0.71% | +0.06 | 1 Oct 2026 |
| Motilal Oswal Nifty India Tourism ETF Equity ETF | 1.06% | 1.04% | −0.02 | 1 Oct 2026 |
| Motilal Oswal Nifty MNC ETF Equity ETF | 0.59% | 0.62% | +0.03 | 1 Oct 2026 |
| Motilal Oswal Nifty Metal ETF Equity ETF | 7.92% | 4.67% | −3.25 | 1 Oct 2026 |
| Motilal Oswal Nifty Midcap 100 ETF Equity ETF | 0.28% | 0.34% | +0.06 | 1 Oct 2026 |
| Motilal Oswal Nifty Midcap 150 Momentum 50 ETF Equity ETF | 1.06% | 1.02% | −0.04 | 1 Oct 2026 |
| Motilal Oswal Nifty Next 50 ETF Equity ETF | 0.94% | 0.97% | +0.03 | 1 Oct 2026 |
| Motilal Oswal Nifty Oil & Gas ETF Equity ETF | 8.83% | 5.14% | −3.69 | 1 Oct 2026 |
| Motilal Oswal Nifty PSE ETF Equity ETF | 0.69% | 0.73% | +0.04 | 1 Oct 2026 |
| Motilal Oswal Nifty Realty ETF Equity ETF | 0.88% | 0.89% | +0.01 | 1 Oct 2026 |
| Motilal Oswal Nifty Services Sector ETF Equity ETF | 0.61% | 0.78% | +0.17 | 1 Oct 2026 |
| Motilal Oswal Nifty Smallcap 250 ETF Equity ETF | 0.50% | 0.58% | +0.08 | 1 Oct 2026 |
| UTI - Nifty Next 50 Exchange Traded Fund Equity ETF | 0.18% | 0.22% | +0.04 | 1 Oct 2026 |
| UTI BSE India Sector Leaders Exchange Traded Fund Equity ETF | 0.24% | 3.12% | +2.88 | 1 Oct 2026 |
| UTI Nifty 10 yr Benchmark G-Sec ETF Debt ETF | 0.30% | 0.29% | −0.01 | 1 Oct 2026 |
| UTI Nifty 5 yr Benchmark G-Sec ETF Debt ETF | 0.23% | 0.22% | −0.01 | 1 Oct 2026 |
| UTI Nifty 50 ETF Equity ETF | 0.05% | 0.06% | +0.01 | 1 Oct 2026 |
| UTI Nifty 500 Exchange Traded Fund Equity ETF | 7.39% | 1.30% | −6.09 | 1 Oct 2026 |
| UTI Nifty Bank ETF Equity ETF | 0.19% | 0.20% | +0.01 | 1 Oct 2026 |
| UTI Nifty IT ETF Equity ETF | 0.30% | 0.31% | +0.01 | 1 Oct 2026 |
| UTI Nifty Midcap 150 Exchange Traded Fund Equity ETF | 0.29% | 0.34% | +0.05 | 1 Oct 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 29 Sep 2026 |
| Mirae Asset BSE 200 Equal Weight ETF Equity ETF | 0.45% | 0.49% | +0.04 | 29 Sep 2026 |
| Mirae Asset BSE India Defence ETF Equity ETF | 0.67% | 0.66% | −0.01 | 29 Sep 2026 |
| Mirae Asset BSE Select IPO ETF Equity ETF | 0.48% | 0.52% | +0.04 | 29 Sep 2026 |
| Mirae Asset BSE Sensex ETF Equity ETF | 0.09% | 0.10% | +0.01 | 29 Sep 2026 |
| Mirae Asset Nifty 100 Low Volatility 30 ETF Equity ETF | 0.43% | 0.44% | +0.01 | 29 Sep 2026 |
| Mirae Asset Nifty 500 Healthcare ETF Equity ETF | 0.33% | 0.35% | +0.02 | 29 Sep 2026 |
| Mirae Asset Nifty 500 Value 50 ETF Equity ETF | 1.09% | 1.11% | +0.02 | 29 Sep 2026 |
| Mirae Asset Nifty India Infrastructure & Logistics ETF Equity ETF | 0.33% | 0.34% | +0.01 | 29 Sep 2026 |
| Mirae Asset Nifty India Internet ETF Equity ETF | 0.42% | 0.46% | +0.04 | 29 Sep 2026 |
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Equity ETF | 0.69% | 0.68% | −0.01 | 29 Sep 2026 |
| Mirae Asset Nifty Top 20 Equal Weight ETF Equity ETF | 0.24% | 0.25% | +0.01 | 29 Sep 2026 |
| Mirae Asset Nifty500 Multicap 50:25:25 ETF Equity ETF | 0.26% | 0.24% | −0.02 | 29 Sep 2026 |
| Mirae Asset Silver ETF Silver ETF | 0.36% | 0.35% | −0.01 | 29 Sep 2026 |
| Edelweiss BSE Sensex ETF Equity ETF | 0.17% | 0.12% | −0.05 | 25 Sep 2026 |
| Edelweiss Nifty 50 ETF Equity ETF | 0.15% | 0.12% | −0.03 | 25 Sep 2026 |
| Edelweiss Nifty Bank ETF Equity ETF | 0.89% | 0.90% | +0.01 | 25 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 25 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 20 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 19 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 18 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 16 Sep 2026 |
| Kotak Nifty 1D Rate Liquid ETF Debt ETF | 0.19% | 0.21% | +0.02 | 16 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 15 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 14 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 13 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 11 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 10 Sep 2026 |
| Kotak BSE Sensex ETF Equity ETF | 0.19% | 0.18% | −0.01 | 10 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 9 Sep 2026 |
| UTI Nifty 1D Rate Liquid ETF - Growth Debt ETF | 0.20% | 0.23% | +0.03 | 9 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 8 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 7 Sep 2026 |
| UTI Nifty 1D Rate Liquid ETF - Growth Debt ETF | 0.22% | 0.20% | −0.02 | 7 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.10% | 0.11% | +0.01 | 5 Sep 2026 |
| Invesco India Nifty 50 Exchange Traded Fund Equity ETF | 0.11% | 0.10% | −0.01 | 3 Sep 2026 |
Source: AMFI, Total Expense Ratio of Mutual Fund Schemes (daily disclosure). Changes of 0.01 percentage point or more. TER is already deducted in the NAV.
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).
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