hi
wanna clarify with u guys

is it true, if a fund register growth of 15% per year, but when management fee (usually 1-1.5% per year) and service charge (usually 6% for PM) is taken into account, net growth is lesser
ie
15% - 1.5% - 6% = 7.5% only

is my thinking is true?
or is it not?
becoz in lipper and even morningstar fund, there's a note saying that the growth calculated is not taking into account other fees.