A Load is a charge imposed, which the mutual fund may collect on entry and/or exit from a fund. A load is charged to cover the up-front cost incurred by the mutual fund for selling the fund. It also wraps one time processing costs. Some funds do not charge any entry or exit load. These funds are referred to as ‘No Load Fund’. Funds by and large charge an entry load ranging between 1.00% and 2.00%. Exit loads vary between 0.25% and 2.00%.
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