https://www.taxtmi.com/circulars?id=58519 Prohibition of entry load is mandated and upfront distributor commission must be paid directly by the investor. Exit loads and prior load balances are maintained outside NAV and may fund distributor commissions and marketing. Load balances must be segregated into balances as of July 31, 2009 and accretions thereafter; use of the pre August 1, 2009 balance is capped at one third of that balance per financial year (carry forward permitted), while post July 31, 2009 accretions are unrestricted for these purposes. en-us Wed, 09 Mar 2011 00:00:00 +0530 Thu, 20 Dec 2018 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58519 Prohibition of entry load is mandated and upfront distributor commission must be paid directly by the investor. Exit loads and prior load balances are maintained outside NAV and may fund distributor commissions and marketing. Load balances must be segregated into balances as of July 31, 2009 and accretions thereafter; use of the pre August 1, 2009 balance is capped at one third of that balance per financial year (carry forward permitted), while post July 31, 2009 accretions are unrestricted for these purposes. Circulars SEBI Wed, 09 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58519