AIG Mutual fund has decided to revise the entry as well as exit load structure of all the schemes of the fund house, effective from August 1, 2009. Accordingly, there will be no entry load for purchase/additional purchase/switch-in accepted by the fund.
Similarly, there will be no entry load with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (Amfi registered distributor) directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
However, there will an exit load up to 1% of the redemption value charged to the unit holder by the fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN holders and meet other marketing and selling expenses.
Any amount more than 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme immediately.
Similarly, there will be no entry load with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (Amfi registered distributor) directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
However, there will an exit load up to 1% of the redemption value charged to the unit holder by the fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN holders and meet other marketing and selling expenses.
Any amount more than 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme immediately.
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