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 [...]

Author: Austin Comments: 0 comments Date: 15 Aug 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 [...]

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

2 strategies to help save tax without spending a penny

Entry loads have been waived off on applications that are submitted directly to the mutual fund house. For MF investors, who invest either by way of SIP (Systematic Investment Plan) or as bulk investing, it could mean saving quite a sum of money – around 2% of the investment amount. So consider investing directly in [...]