Religare Mutual fund has made the some changes in the entry as well as exit load structure of all the schemes of the fund house, with effect from August 1, 2009. According to the requirements specified by Securities and Exchange Bard of India (Sebi) circular dated June 30, 2009, no entry load will be charged for purchase/additional purchase/switch-in accepted by the fund.
Similarly, no entry load will be charged with respect to applications for registrations under systematic investment plans/systematic transfer plans/dividend transfer plans/event trigger plans accepted by the fund with effect from August 1, 2009.
The upfront commission, if any, on investment made by the investor shall be paid by the investor directly to the distributors, based on the investor's assessment of various factors including services rendered by the distributor.
However, the fund house also made changes in the exit load structure/Contingent Deferred Sales Charge (CDSC).
The schemes will charge 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/plans in a separate account and will be utilized for commissions' payment to the distributor as well as to meet the other marketing and selling expenses.
Similarly, no entry load will be charged with respect to applications for registrations under systematic investment plans/systematic transfer plans/dividend transfer plans/event trigger plans accepted by the fund with effect from August 1, 2009.
The upfront commission, if any, on investment made by the investor shall be paid by the investor directly to the distributors, based on the investor's assessment of various factors including services rendered by the distributor.
However, the fund house also made changes in the exit load structure/Contingent Deferred Sales Charge (CDSC).
The schemes will charge 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/plans in a separate account and will be utilized for commissions' payment to the distributor as well as to meet the other marketing and selling expenses.
No comments:
Post a Comment