What is Entry Load on Mutual Fund Applications?
On every purchase of mutual fund units, the Asset Management Company (AMC) charges an entry load from the customer. The entry load is reduced from the total amount paid and units for the remaining amount are allotted to the investors. For example: If Investment is Rs 100 And Entry Load is 2% Net Amount for investment will be Rs. 98. (100- 2% of 100) If current NAV is Rupees 10 Units allotted will be 9.
On every purchase of mutual fund units, the Asset Management Company (AMC) charges an entry load from the customer. The entry load is reduced from the total amount paid and units for the remaining amount are allotted to the investors. For example: If Investment is Rs 100 And Entry Load is 2% Net Amount for investment will be Rs. 98.
