Management Expense Ratio (MER) Calculator
Calculate a fund's management expense ratio and the annual dollar fee it charges on your investment balance.
Your results
Calculation breakdown
- Annual fee
- balance × MER%
Worked example
A $25,000 balance in a fund charging a 0.50% MER incurs roughly $125 in fees for the year, or about $10.42 per month.
Assumptions
- MER is disclosed in the fund's Product Disclosure Statement; use the actual figure for accuracy.
- Assumes the fee is charged on the average balance across the year, approximated here using the entered balance.
- Excludes any separate platform, adviser or transaction fees.
How this calculator works
Enter your investment balance and the fund's management expense ratio to see the dollar amount charged in fees each year. MER is expressed as a percentage of assets under management and is disclosed in every Australian managed fund or ETF Product Disclosure Statement.
Frequently asked questions
Where do I find a fund's MER?
It is listed in the fund's Product Disclosure Statement (PDS) or fact sheet, usually under 'fees and costs'.
Is MER charged separately or deducted automatically?
MER is typically deducted from the fund's assets before the unit price is calculated, so you rarely see a separate invoice.
How do I compare two funds' fees?
Run this calculator for each fund's MER on the same balance to compare the annual dollar cost side by side.
Editorial review and responsibility
Reviewed by the CalcAussie editorial team on 21 September 2026. Review scope: Method, Australian terminology, material assumptions, source links and user-facing limitations.
Calculator results remain estimates based on the figures entered. Check material decisions against current official information and report a suspected error so it can be reproduced and corrected.
Results are estimates only and are not financial, tax, legal or credit advice.