Hi All,
I am looking at investing some large (large for me), amount into some Liquid Fund, Money Market funds as lumpsum amount. I need the flexibility to withdraw the money anytime and moderate return, comparable to a Fixed deposit. (ICICI is offerring 10% on FD, so that is the bench mark.)
I am new to MF and was always under the impression that these funds generally don't have an entry or exit load. however, just realized that if I buy through ICICIDirect.com, I need to pay some fees. Could someone tell me how much they charge on entery and exit of an MF scheme.
Does it depend on total amount invested in an MF ? or fixed per transaction ?
Regards
V Mittal
I am looking at investing some large (large for me), amount into some Liquid Fund, Money Market funds as lumpsum amount. I need the flexibility to withdraw the money anytime and moderate return, comparable to a Fixed deposit. (ICICI is offerring 10% on FD, so that is the bench mark.)
I am new to MF and was always under the impression that these funds generally don't have an entry or exit load. however, just realized that if I buy through ICICIDirect.com, I need to pay some fees. Could someone tell me how much they charge on entery and exit of an MF scheme.
Does it depend on total amount invested in an MF ? or fixed per transaction ?
Regards
V Mittal