Got to see some reports that there is a proposal from SEBI that entry load can be waived if investments is made directly with AMC. (For Equity MF investments)
It will be a great move ,if it happens.
What does that mean for an investor.
1) If an investor is able to decide for himself , what fund he needs to invest in ...he can make it directly with the fund house.
2) Misleading information provided by brokers (esp wrt NFOs ) would get reduced supposedly!
3) Informed investors would benefit a lot and would encourage more investors to get MF educated.
A welcome move, Since choosing a fund is not as tough as picking a stock!!!
Quantified benefits~
if you invest Rs 25000 in a year in Equity MF, you will save around Rs. 562/-
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