Note: Mutual fund investments are subjct to market risks. Please read all scheme related documents carefully before investing.
As per SEBI Circular No. Cir/IMD/DF/13/2011 dated August 22, 2011, in case of an existing investor in Mutual Fund(s) a nominal transaction charge of Rs 100/- shall be deducted from your investment of Rs 10,000/- and above and in case of an new investor in Mutual Fund(s) a nominal transaction charge of Rs 150/- shall be deducted from your investment of Rs 10,000/- & above as a first time investor in Mutual Fund(s).
In case of SIP (Systamatic Investment Plan) investment the above transaction charge (Rs.100/- or Rs.150/- as the case may be) shall be charged, if the total commitment through your SIP is Rs 10,000/- & above and this transaction charge on SIP shall be recovered in installment basis [3-4 installments].
(copy of the circular can be downloaded from SEBI website www.sebi.gov.in)."