Yay! You may never have to pay an entry load to a fund again.
SEBI has requested for comments on a proposal that says, essentially, that you need not pay any entry load when you invest directly with a fund (as opposed to doing it through a distributor/agent). This is fantastic.
What you need to do:
- Write a mail to ruchic@sebi.gov.in saying that you completely agree with this proposal and that you support it wholeheartedly.
- Wait till SEBI makes it a law.
After that funds will announce that you can invest directly without a load, and you should be happy.
Note that this process can take a lot of time. But at least it’s a start. Also, be assured that distributors will gather all the support possible to veto this proposal. So if you’re a reader, please write to the above email address with your consent. You will save 2.25% of your money later.
