According to data from industry trade groupICI (Investment Company Institute) the average fees charged by actively managed equity mutual funds are 1.44 percent annually.
"An awful lot of companies have been living on borrowed time and only some have faced up to their debt position, " says Deepak Sabharwal, president-director of chemicals groupICI Indonesia.
In the past, Janus Capital Group has added its entire bill for ICI dues to the expenses fund investors' pay, and Fidelity Investments has added an undisclosed portion.