Advisors unhappy as HDFC MF, UTI MF raise expense ratio on index funds

- UTI Mutual Fund, the company plans to hike the TER on its UTI Nifty Index Fund from 16 April
- HDFC Mutual fund has proposed to increase TER on two index funds from 15 April—HDFC Index Fund-NIFTY 50 and HDFC Index Fund-Sensex Plan