Entry & Exit Load on MF

[crazyfutu]

hi,
Can anybody clarrify me about the present entry & exit loads in MF schemes?
I have SIP in several MF schemes since Aug'2008 ( through Broker) and it charges me 2.5 % still including this month.

So should i stop the ongoing investments ( SIP) and re start investing again?
If i invest through a broker what will be the entry load ( SIP) now?
( I had to invest through broker as i hardly get time)....


Experts please give ur valuable suggestions....

 

[rajeshn2007]

hi,
Can anybody clarrify me about the present entry & exit loads in MF schemes?
I have SIP in several MF schemes since Aug'2008 ( through Broker) and it charges me 2.5 % still including this month.

So should i stop the ongoing investments ( SIP) and re start investing again?
If i invest through a broker what will be the entry load ( SIP) now?
( I had to invest through broker as i hardly get time)....


Experts please give ur valuable suggestions....

Present entry load for previous SIPs are charged 2.5%. I think you could stop it and restart with NO entry load.
Exit load varies with schemes.

 

[crazyfutu]

Thanks for info...
Is the entry load still Nill if i also invest through a broaker ?

 

[rajeshn2007]

Thanks for info...
Is the entry load still Nill if i also invest through a broaker ?

Yes. regarding your present SIP, you can check with your mf agent whether it is possible to continue with the same sip without entry load.

 

[ksr00551]

Yes. regarding your present SIP, you can check with your mf agent whether it is possible to continue with the same sip without entry load.

there is a confusion here.
if the SIP has started pre august 2009, the entry load with continue. if you cancel the SIP and go thru the broker afresh, there will no entry load anymore.
the broker will separately charge you a fixed amount for which you will have to write a separate cheque.
if the broker is saying no cheque required,then he is not giving best advice.
he is only trying to retain you.
request to you negotiate with your broker for a fixed amount ( based on yearly SIP/deposits)

regards

 

[praveen taneja]

there is a confusion here.
if the SIP has started pre august 2009, the entry load with continue. if you cancel the SIP and go thru the broker afresh, there will no entry load anymore.
the broker will separately charge you a fixed amount for which you will have to write a separate cheque.
if the broker is saying no cheque required,then he is not giving best advice.
he is only trying to retain you.
request to you negotiate with your broker for a fixed amount ( based on yearly SIP/deposits)

regards

Most of the corporate agents and sub brokers are charging 3-5% of sip of year means= 12*sip*3-5% for one time its flat 3% mostly everywhere