My investment consultant has told me to stop paying all my SIPs and reinvest from the beginning as entry load is not there now. What should I do?
Your advisor has given you the correct information. You should thank him because he would be at loss for having done so, but despite that, he has given you the relevant facts, which are crucial from an investor’s point of view. Though entry load has been abolished, all the SIPs that had been registered before August 1 will continue to attract the old loads.
This article was originally published on October 16, 2009.