2 Replies to “Investing in Equity Mutual Fund.. Am I paying more than needed?”

  1. There may be “marketing” charges, which is basically a legal kick-back to the broker who sold you the fund. This is paid each year so he broker will not to try to switch you to a new fund. In the US these are disclosed as “12b-1” fees.

    If you are buying from a broker, you are paying too much. You can get the same performance buying from a direct firm like Vanguard with no load and no 12b-1 fees. This is the way to go unless the broker is really giving you valuable advice.

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