In recent times two AMCs—PPFAS and Quantum reduced their expense ratios, which may not result in others to follow. Quantum Mutual Fund charges 1.25 per cent on its leading fund; Quantum Long Term Equity fund and since January, PPFAS also reduced the total expense ratio chargeable on its sole fund, the Parag Parikh Long Term Value Fund, by 20 basis points, to 1.80 per cent a year for the direct plan and to 2.30 per cent a year for the regular plan. As an investor you should keep an eye on expense ratio. Look for fund’s with a long history of favourable performance over both bear and bull market phases.