Most Direct Quant Funds have zero exit load. And the expense ratio is close to 0.5. And Most equity MF that has expense ratio is one percent penalty on units purchased in last one year. So for most practical purposes, it's the expense ratio only that is the MF charges Quant MF is 10,000 crore. Full AUM in all the schemes summed up. It's not top ten of Indian MF. On the other hand, just one scheme SBI small cap is 15,000 crores. Axis long term equity is 30,000 crores. Total AUM of SBI is more than 5 lakh crores. No:10 is DSP MF with more than one lakh crore. Although I agree that as soon as market goes down, person should sell the MF and then reinvest the same amount after the market has gone down to his comfortable or simply reinvest the same amount in four monthly tranches. I have full faith in you analytical skills and knowledge that you know all these things. Some how can't find the reason why you hide these things. https://groww.in/blog/top-10-mutual-fund-houses-india