No entry load from jan 4 for direct remittance to AMC

SEBI has given New year gift to mutual fund investors :

No entry load Mutual fund remittance done directly at office /investor service centre of AMC and thru internet of the AMC .


+ives for investor :

1. Saving of 2.25-2.5 % entry load .

-ives for distributor -

1. They may lose fees income from AMC .

overall , its a neutral effect only , as distributors now will not offer free advise etc ..

its a big jolt to mutual fund distributors

AMFI should come with new ideas ,so as to help their distributors

2.25 % load is not a big amount ,if any distributor offers true 100 % unbiased guidance to investors .

anyway , its good for all players concerned

but smart innovative distributors can earn money by offering fee based advisory service to their investors ,if they dont want entry load

its a win-win situation for all concerned

overall , a good step ahead for benefit of small investors .


we at our group ,wholeheartedly welcome this move and support it ...............

cheers ,