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V. I. K. A. S. V. I. K. A. S.
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30 September 2009
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Undecided Question

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How to avoid entry load on SIPs started before Aug2009?

I am investing in SBI, HDFC, DSPBR, Reliance mutual funds through SIP via HDFC securities... I have started SIP on June2009 and from Aug2009 SEBI removed entry load on mutual funds.
But HDFC securities is still charging entry load on my SIPs...What should I do for no entry load?
When contacted with above mutual funds, they told me to submit NO LOAD or RE-REGISTRATION forms... From where i will get these forms? Can anyone provide me the links for the same?

Thanks in advance.....
  • 3 weeks ago
  • (Tiebreaker)

Answers (2)

  • Answerer 1

    if you were a previous buyer of SIP from various mutual funds, you would have been aware of the no load proposal from SEBI. inspite of that you decided to go for fresh SIP in june.
    heard recently that all MF guys have put a re-registration for stopping the entry load debit. each of the MF have put it on there website.

    if you have taken the SIP as per advice of your broker, request you to plz analyse his relation ship again . i think the broker did it on purpose.

    regards

    Source(s):

    my love for Personal finance.
    • 3 weeks ago
  • Answerer 2

    Go to their web site and see if the have a forms down load. Most firms make all their forms available in Adobe Format.
    • 3 weeks ago

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