Contingent Load definition

Contingent Load means Load payable by the Unit Holder at actual basis to the extent of loss incurred by fund due to disinvestments if Units are redeemed by any major Unit Holder in such period of time that the Management Company believes may adversely affect the interest of other Unit Holder(s). Any Contingent Load received will form part of the Trust Property.

Contingent Load means amount payable by the Unit Holder on redemption of Units at actual basis as specified in the Offering Document. Any such amount would be treated as part of the Deposited Property.

Contingent Load means Sales Load payable not exceeding 5% of the Net Asset Value, if Units are redeemed by any major Unit Holder in such period of time that the Management Company believes, may adversely affect the interest of other Unit Holders. Any Contingent Load received will form part of the Trust Property.

Examples of Contingent Load in a sentence

• The Front-end Load, Back-end Load and Contingent Load for these units are as disclosed in Annexure “B” of the Offering Document.

• Subject to the applicability of Contingent Load, Conversion of Units of the allocation plan to Units of any other Fund/Plan of any other Scheme managed by the Management Company can be carried out by submitting the duly filled Conversion Application Form, or any other Form as designated by the Management Company for the purpose of conversion from time to time, to the Authorized Branch of the Management Company together with any certificate/ document required.

• Contingent Load is deducted from the Net Asset Value (NAV) of Units of Allocation Plan in determining the Redemption Price for the Units of the pertinent Allocation Plan; provided however that different levels of Contingent Load may be applied to different classes of Units of different Allocation Plans, but Unit Holders of an Allocation Plan within a class shall be charged same level of contingent load.

• These Units may also subject to a Back-end Load or Contingent Load, as specified for each Allocation Plan.

• Units redeemed during the Subscription Period will not carry Back-End & Contingent Load.

More Definitions of Contingent Load

Contingent Load means a load payable by the Unit Holder of Allocation Plan(s), which will be applicable only in case of redemption of units before the initial maturity period of the respective Allocation Plan(s). Any Contingent load received shall form part of the Fund Property. Provided that contingent load commensurate with net loss incurred due to early redemption.

Contingent Load means Load payable by the Unit Holder on redemption and at the time of transaction. Any Contingent Load received will form part of the Trust Property.

Contingent Load means the charge deducted from the Net Asset Value in determining the Redemption price, not exceeding five percent (5%) of the Net Asset Value per unit of the Fund. Any such charges shall be treated as part of the Trust Property. Different Levels of Contingent Load may be charged to different classes of Units, as specified in this Offering Document.

Contingent Load means a load payable by the Unit Holder of Allocation Plan(s), which will be applicable only in case of redemption of units before the initial maturity period of the respective Allocation Plan(s). Any Contingent load received shall form part of the Fund Property.

Contingent Load means Sales Load payable not exceeding five per cent (5%) of the Net Asset Value, if Units are redeemed by any major Unit Holder in such period of time that the Management Company believes may adversely affect the interest of other Unit Holder(s) and disclosed in the Offering Document. Any Contingent Load received shall form part of the Trust Property.

Contingent Load or “Deferred Sales Load” means processing charges deductible from the Net Asset Value of the Unit to determine the Redemption Price in case of redemption of Units within a certain period of time or at a decreasing rate for every period the Units are held and shall be charged to Unit Holders in instances where no Front-end Load is charged. Such charges shall not exceed five percent (5%) of the Net Asset Value and shall be determined by the Management Company from time to time and disclosed in the Offering Document. Any such charges shall be payable to the Management Company and/or its Distributors, as the case may be. The Contingent load would be applicable to those classes of units where there is neither a front end load nor the back end load.

Contingent Load means Sales Load payable on redemption of Units within a certain number of years from the date of purchase and/or a rate declining for every year Units are held.