Load on Bonus Units and units allotted on Reinvestment of Dividend

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Full Text of the Document

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.... Dividend 1. The practice of charging load on bonus units issued to unit holders by mutual funds was taken up with AMFI. Based on the recommendations of AMFI Working Group on Standardization of Key Operational Areas, it was decided that AMCs shall not charge entry as well as exit load on Bonus units and of units allotted on reinvestment of Dividend. 2. While necessary advice in this regard is al....