POSTED BY July 29, 2011 9:12 am COMMENTS (6)ON
Inviting feedback from Memebers …….
Get ready to pay Rs 150 as transaction charge while making investments in excess of Rs 10,000 a year in a mutual fund (MF) through a new folio or account. If your incremental investment in an existing folio is over Rs 10,000, your outgo will be a slightly lower, Rs 100.
The fund house will deduct the charge from the investor and pay it to the distributor. The charge is recoverable in 3-4 installments for investments made under the systematic investment plan ( SIP)) route. However, direct transactions with the MF will not attract any charge.