No Entry Load for Mutual Funds

From August 1, there will be no entry load on any of the MF products. The investors will have to pay an upfront commission to the distributors and distributors will have to disclose the commission that they pay whether it is the trail commission they pay to the fund house as well and the investor will take the decision then.

Maximum of 1% of the redemption proceeds can be paid as redemption to the distributors. Also, the variable load will be applicable for all the schemes as well as systematic investment plans (SIPs). This will be for the new schemes, not for the existing ones. However, if you were to do a transfer from one SIP to another SIP, then the entry load will not be applicable there as well.

Subscribe to our future articles here.

Related posts:

1. Invest in Share Market and Mutual Funds Introduction In this article I will be writing about...
2. What is Open Ended and Close Ended mutual funds? Introduction In my previous articles I have explained about the...
3. You can take a daily SIP of your MF investment In an attempt to attract fresh retail money into equity...
4. Invest in Recurring Deposits I want to invest Rs 40,000 for a short period....
5. Health Insurance Entry age for Senior Citizens Introduction This article writes about the maximum entry age...