contingent deferred sales charge

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Contingent deferred sales charge (CDSC)

The formal name for the load of a back-end load fund.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Contingent Deferred Sales Charge

The formal name for the load in a back-end load fund. A CDSC is the fee paid when a shareholder sells shares in a mutual fund within a certain number of years. That is, when an investor initially buys a share in a back-end load fund, he/she agrees to pay a third party, usually a financial institution or broker, a certain percentage of the share's value if he/she decides to sell it within five to 10 years, depending on the specific nature of the agreement. The CDSC usually declines by the year until the maximum number of years is reached. See also: B-share.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

contingent deferred sales charge

A mutual fund redemption fee that is reduced or eliminated for specified holding periods. For example, a fund might charge a 6% redemption fee for a holding period of less than one year, a 5% fee for a holding period of one to two years, and so forth. Mutual funds with a contingent deferred sales charge also generally levy an annual 12b-1 fee.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Foreign Institutional Investors made a net equity investment of Rs 1.09 lakh crore in 2014-15 and a further Rs 1.64 lakh crore into debt markets -- over Rs 2.73 lakh crore in all as per the latest data with Central Depository Services Limited (CDSL).
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Mumbai: Total number of investor accounts at two depositories -- NSDL and CDSL -- stood at 2.5 crore at the end of February, translating to an addition of 18.64 lakh in past one year.
The RGESS, which offers tax deduction up to ` 25,000 a year over and above the ` 1 lakh exemption under Section 80C, had managed to collect just ` 63 crore ( valued at actual acquisition cost) as on September 30, according to data from the two depositories, NSDL and CDSL. { Note: This is the amount eligible for the tax benefit.