No Sales Load definition
No Sales Load means no Sales Load payable on sale or redemption of Units.
No Sales Load means No Sales Load payable on sale or redemption of Units.
- Home
- Dictionary
- No Sales Load
Related to No Sales Load
Sales Load means front end load deducted at the time of investment or back end load charged at the time of redemption from Scheme. However, the load charged upon redemption and which forms part of the Scheme property shall not classify as sales load. An Asset Management Company may charge sales load maximum upto 3% of the NAV per unit and may charge sales load maximum upto 1.5% of the NAV per unit where transactions are done online or through a website.