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Can a mutual fund impose fresh load or increase the load beyond the level mentioned in the offer documents?

April 26, 2017documents fresh increase level load mentioned mutual fund Offer

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Can a mutual fund impose fresh load or increase the load beyond the level mentioned in the offer documents?

1 Answer

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10 Posted

Mutual funds cannot increase the load beyond the level mentioned in the offer document. Any change in the load will be applicable only to prospective investments and not to the original investments. In case of imposition of fresh loads or increase in existing loads, the mutual funds are required to amend their offer documents so that the new investors are aware of loads at the time of investments.