I do not trust distributors as I do not feel they can provide unbiased advice and I do not feel they are providing any worthwhile service that entitles them to their commission (which I learn is more than the entry load!!!)
As a result, I conclude that investing directly with the fund house is the right thing to do. However, the surprising thing is that I need to pay entry load - even if I am investing directly. The question is - if I am not using the distributor, fund house is not paying commission, then what is the entry load for??? Can I assume that the distributors are paying some reverse commission to the AMC employees so that direct investment can be discouraged?
Has anyone been able to negotiate a reduction or waiver in entry load with the AMC on the ground that he is investing directly & not via a distrubutor? If so, please post your experience in this regard.
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