Should I restart my SIP to avail the zero entry load benefit on Mutual Fund?

POSTED BY Surabhi Rajan ON October 26, 2010 1:15 pm COMMENTS (3)

One of my financial savvy friend told me that, now entry load on Mutual Fund investments are removed, but the SIP started before 2010 August month would not get the benefit. Thus I need to cancel my all SIP instructions and submit fresh Applications for SIP via “direct” to start all again.

My current SIP investments are registered via a agent. Please advice.

 

3 replies on this article “Should I restart my SIP to avail the zero entry load benefit on Mutual Fund?”

  1. Manish Chauhan says:
    October 26, 2010 at 9:08 pm

    Surabhi

    Is it 2010 ? I guess you wanted to say 2009 , entry load has gone before 1 yr .

    Manish

    Reply
  2. MoneySavingsHelp says:
    October 26, 2010 at 7:12 pm

    Yes, that’s right. You need to cancel your previous SIP and submit fresh application for SIP. You can do that via your AMFI certified mutual fund distributor. In this way, you can get zero entry load on your investments plus you can seek his services also.

    Hope it will help you.
    InvestmentKit.com

    Reply
  3. raju says:
    October 26, 2010 at 2:04 pm

    Yes, it is better way to cut your entry load to stop on your SIPs.Start fresh SIPs

    Reply

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