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Mutual Funds

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What are contingent deferred sales load (CDSL) and contingent deferred sales charge (CDSC)?

Depending on how many years the investor stays with the fund, some funds may charge different amount of loads to the investors- the longer the investor stays with the fund, lesser the amount of exit load charged to him. This is called the contingent deferred sales charge (CDSC) and contingent deferred sales load (CDSL).

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