If I invest in mutual funds directly, there is no entry load. Is this correct? If I invest in a mutual fund through online platforms like ICICI direct, will it be considered as direct investment with no entry load?
-Ashay Nerurkar
If one invests in mutual funds without an intermediary, no entry load is chargeable. But if you invest through ICICI direct, which is a broker, you will have to pay the entry load as it is not a direct investment.
This article was originally published on February 26, 2009.