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. ’ 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.

Examples of Sales Load in a sentence

• If the Sales Load received by the Trustee is insufficient to pay the remuneration of the Distributors and Investment Facilitators, the Management Company shall pay the amount necessary to pay in full such remuneration.

• If the Sales Load received by the Trustee is insufficient to pay the remuneration of the Distribution Company(s) and Investment Facilitators / Sales Agents, the Management Company shall pay to the Trustee the amount necessary to pay in full such remuneration.

• The remainder of any Sales Load, after such disbursement, shall be paid by the Trustee to the Management Company as additional remuneration for their management services for the Trust.

• Company may have powers to issue additional Units to Unit Holder at a reduced or with no Front-end Load or part thereof, payable to Distributor /Sales AgentsThe Management Company may issue additional Units to Unit Holder at a reduced or no Sales Load and processing charge in lieu of Sales Load or part thereof, payable to Distribution / Sales Agents.

• Summary of Key Features and Reference Guide Page Topic Description Reference Plan Fees and Expenses Applicable Sales Charge and Annual Account Servicing Fees Fee Structure Fee Structure Fee Structure Fee Structure A C C-1 F 3.50%1 2 none none none 0.25% 0.50% 1.00% none Maximum Up-Front Sales Load Annual Account Servicing Fee2 [43–56] Federal Qualified Withdrawals 1Please see Program Fees and Expenses on page [43] for additional information on breakpoints, rights of accumulation, and letters of intent.

More Definitions of Sales Load

Sales Load. ’ means the difference be-

Sales Load includes the Front-end and Back-end loads and any processing charge or commission (excluding Duties and Charges) not exceeding three 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.

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 the sales and processing charges or commission (excluding Duties and Charges) not exceeding five percent (5%) of the Net Asset Value. 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 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 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.