Which of the following is excluded while calculating the recurring expenses of a scheme?
A
Investment advisory fee charged by the AMC
B
Marketing and selling fee
C
Penalties paid by the AMC for infraction of law
D
Management fee
Correct Option:
C
Explanation
Penalties paid by the AMC for any infraction of law cannot be charged to the mutual fund scheme. Such penalties are the responsibility of the AMC and must be borne by it rather than by the scheme's investors.
