contingent deferred sales charge

(redirected from CDSL)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia.

Contingent deferred sales charge (CDSC)

The formal name for the load of a back-end load fund.

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.

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.
References in periodicals archive ?
CDSL secured Rs 154.06 crore ($24 million) from the anchor investors by selling 10.34 million stock at Rs 149 apiece, the upper end of the Rs 145-149 price band.
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).
"The system already closely monitors both Bombay Stock Exchange and National Stock Exchange as well as the two depositories, NSDL and CDSL," sources said.
You can convert mutual fund units into demat form by submitting a conversion request form which you can get from your broker or depository (NSDL or CDSL).
GEPL is a member of BSE, NSE, MCX, NCDEX, CDSL, WDM and insurance.
At present two Depositories, National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are registered with the Securities and Exchange Board of India (SEBI).
``We would ask everybody interested in the future of Cardiff ice hockey to attend Thursday's meeting,'' said CDSL board member Phil Thomas.
San Sebastian and CDSL slug it out for a slot in the Elite 8.
The NAD would be operationalised by NSDL Database Management Limited (NDML) and CDSL Ventures, Limited (CVL) - two of the wholly owned subsidiaries of the Depositories registered under Securities Exchange Board of India (SEBI) Act, 1992.
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.