Load cannot be recovered
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Answer:
A load fund is a mutual fund that comes with a sales charge or commission. The fund investor pays the load, which goes to compensate a sales intermediary, such as a broker, financial planner or investment advisor, for his time and expertise in selecting an appropriate fund for the investor. The load is either paid up front at the time of purchase (front-end load), when the shares are sold (back-end load), or as long as the fund is held by the investor (level-load).
Load funds may be contrasted with no-load funds, which do not carry a sales charge.
Step-by-step explanation:
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Answer:
A fund which comes with commission or sale charge are called load fund .
Step-by-step explanation:
A fund which comes with commission or sale charge are called load fund .The load is paid by the fund investor . Intermediary are financial planner , broker , investment advisor , etc. At the time of purchase and at the time of sale load may be paid which is paid to broker who sold the fund .
Investors assume that no load funds are better choice . they thought that it is better than load funds . but this is not true . Through mutual funds experts can sort . it helps investors to make smart decisions . sometime the person have no knowledge so they can take knowledge by this .
FINAL ANSWER - A fund which comes with commission or sale charge are called load fund .
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