http://www.sebi.gov.in/Index.jsp?contentDisp=Department&dep_id=4
This is really a good news for us (investors). If we decide on investing in a specific mutual fund,there really is no need to pay for an entry load of 2-2.5 % unnecessarily. All we need to do is submit the application in the specific collection center of the Mutual Fund house.
Will try out for a SIP and update this post next week.
Happy New Year 2008 and Happy Investing.
2 comments:
Thats indeed a good news for us. Now there is a benefit of 2.25% for direct submission to respective fund house.
Not sure how my agent - personalfn is going to react for the same.
I need to collect the contact points for all the Fund houses, I had invested in.
yes kota... for many mutual funds, CAMS acts as a collection center. and when i checked up, they did mention that there is no entry load if we invest in their collection center.
http://www.camsonline.com/default1.html
i think atleast this will help in reducing the search for many mutual funds.
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