The Global Investor Experience Study (GIE) of Morningstar has drawn criticism from the Foundation of Independent Financial Advisors (Fifa) -- a body of mutual fund (MF) advisors -- with the latter differing from the study’s finding that India is the fourth most expensive markets for investing in equity funds.
Last week, Morningstar's study said that India’s overall ranking on fees and expense had improved on the back of the regulatory changes (moving India from below average to average group of markets), but pointed out relatively higher expenses when investing in equity funds.
According to Dhruv Mehta, chairman of Fifa, the