In light of the new SEBI guidelines, what would be my effective purchase price?
Effective Purchase Price is the sum of the NAV, transaction charges and service charges divided by the number of units purchased. For example: Let’s say you purchased 1,000 MF units for Rs. 10,000. If the transaction and service charges applicable are Rs. 100 and Rs. 10.30 respectively, then the effective purchase price per unit will be Rs. 10.11 (i.e. Rs. 10110.30/1000 units). It is the price which you actually pay to purchase a single unit of a Mutual Fund Scheme.
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