To add further... the most misunderstood issue regarding UT is these annual fees; and partly the misinformation was due to the undue prominence of the fees stated in the prospectus, and also due to big fund companies in USA that hype on their very low annual fees.

The undue attention was also spread by newbies and misinformed folks parroting and/or comparing the fees during their short listing of UT funds to invest.

The annual management and trustee fees have to be stated in the prospectus because of regulations. How important are they to investors? None and immaterial. What is relevant to the investor is the possible returns.

For example, when placing money into fixed deposits, the consideration is on the rate of interest, be it 3.6% or 4.2%; nothing else. No one care how, where and what the banks do with the deposits. For all we know, the banks could be making obscenely huge profits from our deposits and trimming off 4 or 6 or 10% before giving out the 3.6%.