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In return for the service and to cover the annual cost for fund management and other expenses, the mutual fund levies fund management charges (FMC). The FMC levied varies across schemes from around 0.75% to 2.50% (the
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Vinod Pottayil (What Every Indian Should Know Before Investing: Investment ideas on Gold, PPF, Stocks, Mutual Fund, Life Insurance and more... explained in simple, easy-to-understand language for Indian investors!)