Frequently Asked Questions
What are loads?
Load is a charge levied by the mutual funds when the investor sells the units of the mutual fund. It can be levied as an exit load (i.e, the charge is collected when the investor sells back the units). * As per SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will be charged for purchase / additional purchase / switch-in accepted by the Fund with effect from August 1, 2009. Likewise no entry load will be charged to applications for registration under Systematic Investment Plan/ Systematic Transfer Plan / Systematic Investment Plan Plus accepted by the Fund with effect from August 1, 2009.
Schemes that do not charge any load are called No Load Schemes.