- 09:25 PM Deloitte says will be auditors for Mahindra Satyam
- 09:04 PM Experts pick stocks/sectors to buy ahead
- 08:46 PM Accenture to hire 8000 employees in India by 2010
- 08:08 PM Kraft makes unchanged bid for Cadbury, turns hosti...
- 07:36 PM Govt may divest 15% in NMDC; CCEA nod by Nov-end: ...
- 07:36 PM Ten-goal thriller not one to savour for Puel, Desc...
- 07:36 PM Sevilla's Navas gets Spain call up for Argentina f...
- 07:36 PM Angola`s Manucho says sorry to coach, team, nation
- 07:36 PM Real seeks to repair damaged pride in King's Cup
- 07:36 PM Staging World Cup as big as liberation: Jordaan
The Securities and Exchange Board of India (SEBI) has finally notified the variable load structure. CNBC-TV18 reports that mutual funds (MFs) will not have to pay variable load from August 1, 2009.
|
RSS feed for news Click here |
Also Read: Sebi scraps entry load for MFs, cuts fees of intermediaries
Here is a verbatim transcript of Vidhi Godiawala’s comments on CNBC-TV18. Also watch the accompanying video.
The verdict is finally out! From August 1, there will be no entry load on any of the MF products. The investors will have to pay an upfront commission to the distributors and distributors will have to disclose the commission that they pay whether it is the trail commission they pay to the fund house as well and the investor will take the decision then.
Maximum of 1% of the redemption proceeds can be paid as redemption to the distributors. Also, the variable load will be applicable for all the schemes as well as systematic investment plans (SIPs). This will be for the new schemes, not for the existing ones. However, if you were to do a transfer from one SIP to another SIP, then the entry load will not be applicable there as well.
|
|
Today's Special Column
with Ajay Piramal
Piramal Enterprises Limited , Chairman
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Don't believe mkts will take highs in 2010: Parag Saxena
- Mkts to trade 10-15% higher, buy BHEL, L&T: F&C Investments
- Ashwani Gujral's top 5 picks for trade today
- Ganeshaspeaks: Market prediction for Nov 09
- Liquidity, policy moves to drive mkts ahead: PN Vijay
- Nifty ends over 100 pts up on +ve global cues; Bankex up 5%
- Deloitte says will be auditors for Mahindra Satyam
Source: CNBC-TV18
- Experts pick stocks/sectors to buy ahead
Source: Moneycontrol.com
- Accenture to hire 8000 employees in India by 2010
Source: CNBC-TV18
- Govt may divest 15% in NMDC; CCEA nod by Nov-end: Sources
Source: CNBC-TV18
- TN against Centre's sugarcane fair price
Source: Business Line
- Apollo Tyres' exports to Europe next year
Source: Business Line
- Renault-Nissan's Chennai plant to be ready by Q1 next year
Source: Business Line
- Ashok Leyland aims at double-digit growth in sales
Source: Business Line
