Waiver of entry load for direct applications for Mutual Fund investments
Keeping in mind the interests of investors and to
facilitate the growth in Mutual Fund industry, with effect from
The growth of mutual fund industry in the past years and the technology available for investments has enabled investors to take informed decisions and to invest in mutual funds through internet and other modes without availing of services of distributors/ agents/ brokers.
There was an overwhelming response in favour of the proposal by SEBI on waiver of entry load for investors who do not route their mutual fund applications through a broker/ distributor.