Sales Load definition
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.
Sales Load means the Front-end Load, Back-end Load and the Contingent Load.
Sales Load includes the Front-end and Back-end loads and any processing charge or commission (excluding Duties and Charges) not exceeding five percent of the Net Asset Value or as may be allowed under the Regulations, which may be included in the Offer Price of all or certain class of Units or deducted from the Net Asset Value in order to determine the Redemption Price of certain classes of units.
Examples of Sales Load in a sentence
The Company will deduct from Purchase Payments received the Sales Load shown on page 4.
Each Purchase Payment, net of the Sales Load and Premium Taxes, will be applied to one or more Investment Accounts.
The Company will deduct the Sales Load shown on page 4 from Purchase Payments received.
Each Purchase Payment, net of the Sales Load and Premium Tax, will be applied to one or more Investment Accounts.
In addition, in connection with the sale of any Additional Shares, the Adviser agrees to make the per share Adviser Sales Load Payment with respect to such Additional Shares.
More Definitions of Sales Load
Sales Load. ’ means the difference be-
Sales Load. ’ means the difference between the price of a security to the public and that portion of the proceeds from its sale which is received and invested or held for investment by the issuer (or in the case of a unit investment trust, by the depositor or trustee), less any portion of such difference de- ducted for trustee’s or custodian’s fee, insurance premiums, issue taxes, or administrative expenses or fees which are not properly chargeable to sales or promotional activities. In the case of a periodic payment plan certificate, ‘‘sales load’’ in- cludes the sales load on any investment company securities in which the payments made on such certificate are invested, as well as the sales load on the certificate itself.
Sales Load means Front end load and Back-end load and any processing charges or Commission (excluding Duties and Charges) not exceeding three percent of NAV or as may be allowed under the Regulations, which may be included in the offer price of all or certain class of Units or deducted from the NAV in order to determine the Redemption Price of certain classes of Units.
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 shall not classify as sales load.
Sales Load means the sales and processing charge or commission (excluding Duties and Charges) not exceeding five percent (5%) of the Offering Price. The Management Company may, at its discretion, charge different levels of the load to different Investors from time to time.
Sales Load means Front end load and Back-end load or Commission (excluding Duties and Charges) not exceeding three percent of NAV or as may be allowed under the Regulations, which may be included in the offer price of all or certain class of Units or deducted from the NAV in order to determine the Redemption Price of certain classes of Units. No Front-end Load shall be charged if the investors approach directly for investment or where transaction is done online, through website of the AMC.
Sales Load means the charge or commission (excluding Duties and Charges) not exceeding 5% of Net Asset Value and includes the Front-end Load, the Back-end Load and the Contingent Load as determined by Management Company.