Loads may comeback in mutual funds(June29 2012)

As Prime Minister Manmohan Singh took charge of the ministry of finance on 27th June 2012,he said he plans to resolve issues around the mutual funds industry and check the slowing down of the insurance sector.This could be considered as bringing back loads in Mutual Funds.Financial Planners said that bringing back loads on mutual funds will hurt investors.

What is Load?

This is a fee charged to investors while buying a financial product like mutual fund or insurance policy.

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