Zero-load 

refers to a mutual fund that charges no commission or sales charge. Instead of using a secondary party shares are generally distributed directly by the investment company.

What is a 'Load'

A load is a sales charge commission charged to an investor when buying or redeeming shares in a mutual fund. Sales charge commissions can be structured in a number of ways. They are determined by the mutual fund company and charged by mutual fund intermediaries in mutual fund transactions. Common types of sales charges include front-end loads and back-end loads.

Sales Load Considerations

Sales charges are commissions agreed upon between mutual fund companies and intermediaries. They are typically charged by full service brokers and mutual fund distributors. Investors can potentially avoid sales loads by buying and selling mutual fund shares through a discount brokerage platform. Oftentimes, investors can also avoid sales loads by investing in mutual funds through a retirement plan.

Outside IMG, mutual funds charge you an average of 3% Entry fee, i. e. P3K per P100K investment.

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