SEBI has removed the entry load for all investments made directly to the fund house. If you apply directly by way of the Internet or directly sending/submit application to the AMC office no brokerage will be charged.
Directly applying for Mutual Fund can save 2000/- to 2500/- for each 1 Lack Rs of investment. Moreover this saved money will grow over the time to enhance your return.
Investment Amount | Fund Value On first Day | Fund Performance | Your Portfolio Value | Actual Return | |
Investment done through Broker | 100,000 | 98,000 | 40% | 137,200 | 37.2% |
Direct Investment | 100,000 | 100,000 | 40 % | 140,000 | 40% |
Please note, Buying on internet merely will not save you entry load. Like if you buy mutual fund on ICICIDirect or HDFC Bank or KotakSecurities.com even in that matter if you buy ICICIPru mutual fund from ICICIDirect it will not save you entry load.
A list of Mutual Fund House :
Benchmark Mutual Fund
Birla Sun Life Mutual Fund
BOB Mutual Fund
Canbank Mutual Fund
Chola Mutual Fund
Deutsche Mutual Fund
DSP Merrill Lynch Mutual Fund
Escorts Mutual Fund
Fidelity Mutual Fund
Franklin Templeton Mutual Fund
GIC Mutual Fund
HDFC Mutual Fund
HSBC Mutual Fund
ING Vysya Mutual Fund
J M Financial Mutual Fund
Kotak Mahindra Mutual Fund
LIC Mutual Fund
Morgan Stanley Mutual Fund
Principal Mutual Fund
Prudential ICICI Mutual Fund
Reliance Mutual Fund
Sahara Mutual Fund
SBI Mutual Fund
Standard Chartered Mutual Fund
Sundaram Mutual Fund
Tata Mutual Fund
Taurus Mutual Fund
UTI Mutual Fund
Do you mean that if I invest in a Mutualfund, say, in Reliance Growth Fund through icicidirect.com, I will still be charged the entry load?
ReplyDeleteYes, ICICIDirect work as broker to all mutual fund house, even to ICICIPru Mutual fund. entry load will be charged on your investment through ICICIDirect.
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