dear all
i want to know what is entry load on mutual fund transaction.i have heard in news but does not understand the meaning of it.plz tell me and what is the effect of entry load on mutual fund transactions.
thanks & regards
tarun rustagi
DT Fundas - Tarun rustagi ( Author) (1150 Points)
23 June 2010dear all
i want to know what is entry load on mutual fund transaction.i have heard in news but does not understand the meaning of it.plz tell me and what is the effect of entry load on mutual fund transactions.
thanks & regards
tarun rustagi
Sanket Damodar Karve
(Business)
(179 Points)
Replied 24 June 2010
Dear Tarun
Entry load is the commission that an investor has to pay while purchasing units of a mutual fund. This is a certain percentage that the mutual fund charges to meet its expenses. Certain funds have Exit Load which means a similar kind of comission but its charged when the investor exits the scheme.
Visit the given link
https://www.stockwatch.in/sebi-demolishes-entry-load-mutual-funds-22340
Entry load now stand abolished.
Regards
CAclubindia
