Question

Vision-Skunk has a no-load growth fund. Which of the following is FALSE regarding the no-load fund?...

Vision-Skunk has a no-load growth fund. Which of the following is FALSE regarding the no-load fund?

Fund shares are sold directly to investors without using the services of a broker-dealer.

Investors are not charged with a sales charge.

No fees are charged to shareholders.

Investors can redeem their shares at any time.
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Answer #1

Option (c) :  No fees are charged to shareholders.

Explanation:

~ No-load funds are basically those mutual funds that does not charges any sales fees and commissions from its existing and prospective unitholders at the time of entry and exit from the fund.

~ It is also true and correct that investors can redeem their shares/units at any point of time.

~ However, the fund does charges various types of fees from its shareholders which 12-1b fees, annual fees,etc for advertisements and distribution expenses,annual maintenance expenses of fund etc.

~ Hence, the selected option is FALSE.

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