POSTED BY February 8, 2012 11:22 am COMMENTS (7)ON
As per my knowlede an upfront commision is deducted frm investors invesment amount by AMC and paid to broker.
so if an investor is investing anything above 10000 Rs , then Rs 100 is deducted and net investment reduces by amount 100.(in case of existing investor)
if i m not wrong this is applicable to all folios, and all scheme.
so can i avoid this deduction if i m investing Rs 9999 through diffrent folios or through diffrent AMC ?
I m using on line account of broker to invest in liquid fund to park my short term money and there is no broking charge for tranjection in liquid fund.