Have you ever wondered how the total expense ratio (TER) of a mutual fund is calculated? Or what the constituents of the TER are? The most authentic publically available source for understanding the TER is the annual report released by AMC.
Yesterday, Franklin Templeton announced to its investors that the abridged annual report for 2015-2016 was available for download. While some AMCs release category-wise annual reports, Franklin has a separate file for each fund.