Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

No entry load if you buy directly from the mutual fund

23 Aug 2007Deepak Shenoy1 min read

Quick Facts

What is "No entry load if you buy directly from the mutual fund" about?
What category is this article in?: General
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 23 August 2007.
How long does this article take to read?: 1 min read

Yay! You may never have to pay an entry load to a fund again.

SEBI has requested for comments on a proposal that says, essentially, that you need not pay any entry load when you invest directly with a fund (as opposed to doing it through a distributor/agent). This is fantastic.

What you need to do:

Write a mail to [email protected] saying that you completely agree with this proposal and that you support it wholeheartedly.

Wait till SEBI makes it a law.

After that funds will announce that you can invest directly without a load, and you should be happy.

Note that this process can take a lot of time. But at least it’s a start. Also, be assured that distributors will gather all the support possible to veto this proposal. So if you’re a reader, please write to the above email address with your consent. You will save 2.25% of your money later.