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• First of all check for the tags such as class A, class B or class C in their brochures. These classes refer to the type of the loads that are chargeable on you at various points. For example class A load is levied up on you at the entry in to the mutual funds and class C is a continuous load and so on.
• A good mutual fund family declares all fees and loads that may be applicable to the fund and it is this that you need to look for carefully. Look for anything that refers to as fees and whether they say none or zero against their names. These are generally:
  • Front End Load
  • Front End Sales Charge
  • 12b-1 Fees
  • Deferred Load
  • Actual Fees
Anything other than zero written here indicates you are looking at the brochure of a loaded mutual fund.
• Your effort to find a best no load mutual funds also includes being careful with sales people who are smart enough to guide you in the direction that benefits them most. Suggestions such as holding a loaded fund for say 5 years will exempt or refund you the sales load are untrue. Avoid similar sales talks like load funds have better money managers or load funds making up for their fees by outperforming any other instrument of investment. Simple logic to remember is if load funds can do better why not no load funds.

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