Will the entry loads on SIPs too be removed from August 1, 2009? Also, how good is Reliance Regular Savings Fund? Should I switch to Sundaram BNP Paribas Select Midcap?
There is a chance that some asset management companies (AMCs) may exempt entry load on SIPs too from August 1, 2009. There is no consensus as such on this issue. One thing that can be done in this respect is to discontinue your SIP and restart in the same fund for the same amount, on or after August 1, 2009. That should ensure that you are not changed any entry load.
This article was originally published on July 23, 2009.