Investment word of the day: Total expense ratio — what is TER in mutual funds and how is it calculated?

Investment word of the day: Total expense ratio — what is TER in mutual funds and how is it calculated?

Investment word of the day: Investing in mutual funds involves understanding associated costs, known as the Total Expense Ratio, which covers management expenses. These include marketing, administrative, and audit fees, calculated as a percentage of the fund's net assets.