what is periodic plan
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A periodic payment plan is an investment plan that allows an individual to make small payments over time in order to invest in mutual fund shares. ... Investors may pay higher fees than they would if they invested in fund shares, notably creation and sales charges, and service fees to the plan's custodian.
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The term periodic payment plan refers to an investment plan where an individual makes small payments over time in order to invest in mutual fund shares. These plans involve making contributions of a small, fixed sum over a period of time.
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