NISM-Series V-A: Mutual Fund Certification Exam Notes
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Dividends can be paid out of distributable reserves.
Investors would be incentivized to hold their units longer, by reducing the load as the unit holding period increased.
SEBI has banned entry loads. So, the Sale Price needs to be the same as NAV. The exit load charged, if any, after the commencement of the SEBI (Mutual Funds) (Second Amendment) Regulations, 2012, shall be credited to the scheme.
Service tax on exit load shall be paid out of the exit load proceeds and exit load net of service tax shall be credited to the scheme.
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