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Is there any waiver of exit loads in the equity schemes?

April 26, 2017equity loads Schemes waiver

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Is there any waiver of exit loads in the equity schemes?

2 Answers

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There is no change in the exit load provisions. • If I have an existing investment routed through a broker in a folio, will I be charged entry load for additional purchases? The investments would continue to be routed through the recorded broker unless specifically instructed by the investor by mentioning ‘DIRECT’ on the application form / transaction slip and signed by the Unitholder(s), depending on the mode of holding. If the broker code is preprinted then the same has to be struck off and countersigned by the investor(s), depending on the mode of holding. In addition the word ‘DIRECT’ should be written on the transaction slip. • If no broker code is mentioned on the transaction slip would the transaction be treated as ‘DIRECT’? Yes. • 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 treate

0

Posted

There is no change in the exit load provisions. • If I have an existing investment routed through a broker in a folio, will I be charged entry load for additional purchases? The investments would continue to be routed through the recorded broker unless specifically instructed by the investor by mentioning ‘DIRECT’ on the application form / transaction slip and signed by the Unitholder(s), depending on the mode of holding. If the broker code is preprinted then the same has to be struck off and countersigned by the investor(s), depending on the mode of holding. In addition the word ‘DIRECT’ should be written on the transaction slip. • If no broker code is mentioned on the transaction slip would the transaction be treated as ‘DIRECT’? Yes. • 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 treate