THE IMPACT OF MUTUAL FUND’S CHARACTERISTICS ON MANAGEMENT EXPENSES – EVIDENCE FROM PAKISTANI MUTUAL FUND INDUSTRY

Muhammad Arshad, Ehsan Ul Hasan, Abdul Rehman

Abstract


Mutual funds were investigated and studied with primary
focus on the performance of funds in Pakistan. However, a key feature i.e. management expense ratio of mutual funds has not been analyzed in detail in Pakistan. The study reviewed various factors/elements which impact on the management expense ratio(MER) of mutual funds including the life of the fund, asset size, objective of the fund and the fund family. The study examines the impact of these factors along with their relationship on the cost associated with the funds. The conclusion is that all stated factors except fund family have a significant impact on the MER.

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