A Mutual fund in which no sales charge is paid by the individual investors is called a no-load fund.
Which fund does not charge any type of sales load?
A no-load mutual fund means there will not be a sales charge when the investor buys the shares or when they sell their shares.
What is the sales charge on a mutual fund called?
load
A sales charge is an additional fee paid by an investor that is used to compensate the broker or salesman for effecting that transaction. In mutual funds, the sales charge is typically called a 'load', which may be charged up-front, at the time of sale, or some other arrangement.
What are the 4 types of mutual funds?
What types of mutual funds are there? Most mutual funds fall into one of four main categories – money market funds, bond funds, stock funds, and target-date funds. Each type has different features, risks, and rewards.
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