The sales fee is
called a load fee and it charged on your initial investment, a front - end load fee, or at the time of the sale of the investment, a back - end load fee.
Not exact matches
You also pay those mutual funds, by the way — sometimes there's what
called a sales
load when you buy it; and an expense ratio, a recurring
fee the fund deducts from your account.
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Some mutual funds charge an initial investment
fee, which is
called a «
load.»
A genuine no -
load fund does not have 12b - 1
fees, although some funds
calling themselves «no -
load» do have 12b - 1
fees (as do some
load funds).
Just
called TDW to try to purchase IBN100 (ICICI bank at 1.30 %), was told that on the TDW system they don't see a
load or trailer
fee but the rep said that the ICICI bank website says there is a 0.25 % trailer
fee on sale, just wonder if anyone can confirm that there is a
fee to sell IBN100?
Funds which sell their shares through brokers typically impose
fees,
called «sales
loads» or «sales charges», as a percentage of an investor's initial investment to compensate brokers for their services.
However, level -
loads,
called 12b - 1
fees, are included as operating expenses.
I
called TDW just now and was told the buy or sell of either the MIP or ATL has to be through the phone but just like you said, confirmed that there is no
load, redemption
fees, and holding period.
Mutual funds charge you
fees either when you buy them (that's known as a front - end
load), or when you sell them (that's
called a back - end
load), but it always costs you to own a fund.
So -
called «no
load» mutual funds may charge purchase
fees, exchange
fees, and redemption
fees instead.
But it also has a whopping 4.5 % buy - in
fee, or «front - end
load» as it's
called in the financial industry.
An open - end fund that charges no
fee to purchase shares in the fund is
called a no -
load fund.
These are also
called redemption
fees, back end
loads, or deferred sales charges (DSC or DFSC or CDSC - the F stands for Fund and the first C stands for Contingent.
In the United States, a fund that
calls itself «no -
load» can not charge a front - end
load or back - end
load under any circumstances and can not charge a distribution and services
fee greater than 0.25 % of fund assets
Funds without
load fees are
called «no -
load funds.»
Then welcome to the DSC, also
called a back - end
load, where you're charged a hefty
fee for selling your fund before a certain number of years, usually 6 - 7.
These are also
called redemption
fees, back end
loads, or deferred sales charges (DSC or DFSC or CDSC - the F stands for Fund and the first C stands for Contingent).
The cover has a lock in period of 15 years, though LIC allows policyholders to withdraw the sum they need by paying a
fee (
called exit
load) on the amount withdrawn.