--- title: "Costs: MF, PMS, RupeeCase | RupeeCase Blog" description: "What funds, PMS and rules based baskets really cost, what a factsheet hides, and how structure and tax change the answer." source_url: "https://www.rupeecase.com/blog/topic/costs-mf-pms-rupeecase/" --- RupeeCase notes . Topic # Costs: MF, PMS, RupeeCase What funds, PMS and rules based baskets really cost, what a factsheet hides, and how structure and tax change the answer. * **25**notes in this topic * **6**to read in order * **3**questions answered 01Read in this order ## Six notes that carry the idea. 1. [06PMS 2 and 20: the rupee math6 min . 3 May 2026](/blog/2026-05-03-morning-pms-2-and-20-math/) 2. [06PMS 2 and 20: the rupee math6 min . 3 May 2026](/blog/2026-05-03-morning-pms-2-and-20-math/) 3. [06PMS 2 and 20: the rupee math6 min . 3 May 2026](/blog/2026-05-03-morning-pms-2-and-20-math/) 4. [06PMS 2 and 20: the rupee math6 min . 3 May 2026](/blog/2026-05-03-morning-pms-2-and-20-math/) 5. [06PMS 2 and 20: the rupee math6 min . 3 May 2026](/blog/2026-05-03-morning-pms-2-and-20-math/) 6. [06PMS 2 and 20: the rupee math6 min . 3 May 2026](/blog/2026-05-03-morning-pms-2-and-20-math/) 02Every note ## 25 notes, newest first. 1. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 2. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 3. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 4. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 5. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 6. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 7. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 8. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 9. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 10. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 11. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 12. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 13. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 14. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 15. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 16. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 17. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 18. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 19. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 20. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 21. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 22. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 23. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 24. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 25. [The mutual fund cost stackA 1.65 percent TER is only the visible line; add churn, cash drag and the regular plan commission and the honest annual cost of an active large cap fund is near 178 basis points.2 May 2026 . 6 min](/blog/2026-05-02-morning-mf-cost-stack/) 03Go deeper ## From the notes to the course, and to the cards. [Compare the strategiesThe free Learn course on the same ground, with a certificate at the end.](/compare) [18 index algosEvery RupeeCase strategy, model back tested, in your own demat.](/strategies/) [All eight topicsBack to the hub: reading paths, search and the latest notes.](/blog/) 04Questions, answered with figures ## Three questions readers ask about costs: mf, pms, rupeecase. What does a 1 percent annual fee actually cost?About a fifth of your ending corpus over 25 years. On Rs 10 lakh at 12 percent gross, a 1.00 percent fee lands at Rs 135.85 lakh instead of Rs 170.00 lakh, and more than half of that gap is charged in the last five years. [Read the note: A 1 percent fee does not cost you 1 percent](/blog/2026-08-26-evening-one-percent-is-not-one-percent/) Direct or regular plan?Same scheme, same manager, same NAV; the regular plan carries a trail commission of about one point a year on active equity. On Rs 10 lakh over twenty years at 12 percent gross that one point costs Rs 14.5 lakh. [Read the note: Direct vs regular: the finder's fee you pay forever](/blog/2026-06-10-morning-direct-vs-regular-plan/) How often do active funds beat the index in India?Over the ten years to June 2025, SPIVA India shows 73 of 100 active large cap funds, 82 of 100 mid and small cap funds and 87 of 100 ELSS funds trailed their benchmark. [Read the note: The base rate of beating the market](/blog/2026-07-03-morning-active-vs-index-base-rate/) Explore next ## Where to go next. * [Free module 6.3Mutual Funds, Structure, Types and Hidden Costs8 min read](/learn/path-6/module-6-3-mutual-funds-structure-types-costs) * [Free module 10.2The Real Cost of Trading: Slippage & Transaction Costs11 min read](/learn/path-10/module-10-2-the-real-cost-of-trading-slippage-and-transaction-costs) * [CalculatorSIP calculatorFree, with the formula and a worked example](/learn/tools/sip-calculator) * [CalculatorFee drag over 20 yearsFree, with the formula and a worked example](/learn/tools/fee-drag-calculator) * [StrategyAllcap strategyNifty Total Market, 50 stocks, every 2 weeks](/strategies/allcap) * [LearnLearn systematic investing, free11 paths, 70 modules, certificates](/learn/)