ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has reduced existing maximum level of sales load
, from 5 percent to up to 3 percent, that asset management companies (AMCs)are authorized to charge on sales of mutual fund units.
Treatment of fees and sales load
has been consistent across the funds.
While the SEC does not limit the percentage of a sales load
fund may charge, the Financial Industry Regulatory Agency (FINRA) imposes limits on some fees.
This is not a passive fund so the sales load
is high," Slaughter says.
Mutual fund sales loads
should be carefully assessed before making an investment decision.
Unlike traditional life insurance, variable-life policies fully disclose the insurance company's and agent's sales loads
, in addition to the costs associated with investment-fund management and operating expenses.
The growth and development of the industry has been associated with a decline in sales loads
Processing of nightly sales loads
has been cut by over 6 hours to as little as 50 minutes.
It has no sales loads
, so it produces immediate liquidity and high first-year cash value.
The products offer low policy expenses, no surrender charges or sales loads
and full disclosure of all charges.
The rankings assume reinvestment of dividends and capital gains but exclude the effects of any applicable sales loads
The unit-linked policies are characterized by regular contributions spanning many years with relatively high sales loads
and surrender charges that are comparable to those of its competitors.