How a 1% expense ratio could cost mutual fund investors lakhs over time?

A 1% higher expense ratio in regular mutual fund plans can significantly reduce investors' wealth over time. For a ₹10,000 monthly SIP over 20 years, earning 12% annually in a direct plan versus 11% in a regular plan could result in a corpus difference of around ₹10.34 lakh. Compounding turns a seemingly small annual cost into a substantial long-term hit.