Save entry load on SIPs

Beginning August 1, 2009, the Securities and Exchange Board of India (Sebi) has said, there will be no entry load for any mutual fund scheme and the upfront commission to distributors will be paid directly by the investor.
Did you know you could be still paying an entry load even after Aug 1, 2009?
Here’s how — [...]

Author: Austin Comments: 0 comments Date: 15 Aug 2009 More: Read more
Categories: Mutual Funds Tags: , ,

9 tips on how to select a fund

 
photo by seven_null7
1. Don’t just blindly buy what the financial advisor sells you. See if the stocks the suggested fund invests in are relevant and missing from your portfolio.
2. When a scheme’s return have run up too fast, it’s time to exit and not enter a scheme.
3. You don’t have to invest in a hot-selling [...]

Author: Austin Comments: 0 comments Date: 6 Jun 2009 More: Read more
Categories: Mutual Funds Tags: ,

Stop Paying Entry Load, Go Direct

photo by coloros
In January 2008 SEBI abolished entry load on Indian equity funds if you’re investing directly. However, it is mandatory to pay an entry load of 2.25 percent if you transact through intermediaries, better known as distributors who take this charge to service investors.
Suppose you are investing Rs 1000 and the NAV (net asset [...]

Author: Austin Comments: 3 comments Date: 4 Oct 2008 More: Read more
Categories: Mutual Funds Tags: , , ,