If the broker code on the transaction slip is modified or changed to ‘DIRECT’, will an entry load be charged?
The change / alteration has to be countersigned by the investor(s), depending on the mode of holding. Only then the investment will be treated as ‘DIRECT’ and no entry load will be charged. • If I invest through , will I be charged entry load on my purchase / switch transaction? Only if the investor selects the broker code as ‘DIRECT’ while transacting online, there will be no entry load for the purchase / switch transaction. • How many days before the next SIP / STP installment date should I submit the change of broker code request in order to ensure that it is updated and that no entry load is charged on my next installment? You are required to submit the change of broker code request at least 10 days prior to your next SIP / STP installment date. • What is the Turn Around Time (TAT) for change of broker code request to be updated? A change of broker code request would take approximately one week to get updated. • Would my folio details be disclosed to my previous broker once my brok
Related Questions
- If the broker code on the transaction slip is modified or changed to ‘DIRECT’, will an entry load be charged?
- If no broker code is mentioned on the transaction slip would the transaction be treated as ‘DIRECT?
- If no broker code is mentioned on the transaction slip would the transaction be treated as ‘DIRECT’?
