How much does broker charge for mutual fund?

Generally, the charges are 2.25\% of the investment value. However, as per a recent regulation by the SEBI, fund houses can no longer charge an entry load.

What is a reasonable brokerage fee?

There are also full-service brokers who charge an annual fee between 1\% and 1.5\% of total assets managed for a client and will eschew per-trade charges. The average broker fee for a full-service broker is $150, whereas the average broker fee for a discount broker is $10.

How much commission does mutual fund agents make in India?

This commission structure range from 0.5\% to 1\% based on the mutual fund companies and products.it is paid from your total net worth of asset under management. This will be paid to your agents even if you do not invest also but if your investment stayed without withdrawal.

How much commission do mutual fund distributors get?

Typically mutual fund distributors earn around 1\% commission on the value of their clients’ equity schemes and 0.5\% on debt schemes.

Is ClearTax safe for mutual funds?

It is not good to invest in a mutual fund through ClearTax. If you invest in mutual fund through ClearTax, you will get the regular plan of a mutual fund whose return is 1–2\% less than the direct plan of a mutual fund. This lesser return of 1–2\% will have a huge impact on your corpus. I will show it with an example.

What are the brokerage rates charged by fundfundsindia?

FundsIndia charges a brokerage rate of Rs. 25 or 30 basis points (bps), i.e., 30 paise on every Rs. 100 charged, whichever is higher. Please note that there are additional charges that all brokers are legally required to charge on equity transactions as required by the Securities and Exchange Board of India (SEBI). The charges are as follows:

How much does it cost to buy a mutual fund?

If you plan to purchase a mutual fund, fees could cost you between $9.95 and $76.00 per transaction, depending on the online brokerage. TradeKing and FirstTrade are some of the best online brokers in this regard: they charge the lowest transaction fees at $9.95, while Charles Schwab charges an exorbitant $76.00…

How much does it cost to open an equity account with FundsIndia?

Opening an equity account with FundsIndia is absolutely free. FundsIndia charges a brokerage rate of Rs. 25 or 30 basis points (bps), i.e., 30 paise on every Rs. 100 charged, whichever is higher.

What are the charges applicable when investing in mutual funds?

The charges applicable are as follows: Entry Load – This is charged at the time of investing in a mutual fund scheme. This amount is deducted from the fund’s Net Asset Value (NAV). Different fund houses charge different entry load fees. Generally, the charges are 2.25\% of the investment value.