Usage of load account

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..... no entry load for all mutual fund schemes. 1.2. The upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. 1.3. Exit load or CDSC charged to the investor, a maximum of 1% of the redemption proceeds shall be maintained in a separate account which can be used by t .....

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..... the books of accounts of the scheme - one to reflect the balance as on July 31, 2009 and the other to reflect accretions since August 01, 2009. 3.2. The load balances can be used for marketing and selling expenses including distributor s/agent s commissions. 3.3. However, not more than one- third of load balance as on July 31, 2009 shall be used in any financial year including the current fi .....

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..... ests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully ASHA SHETTY DEPUTY GENERAL MANAGER Tel no. 022-26449258 [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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