A mutual fund in which no sales charge is paid by the individual investor is called a(n)____________ fund.

Question

Quizplus · Accepted Answer

A no-load fund is a mutual fund in which no sales charge is paid by the individual investor. This means that the investor only pays the operating expenses of the fund. This is beneficial because it allows the investor to invest all of their money into the fund without having to worry about an additional fee. Therefore, a no-load fund is the best choice for investors who want to keep their costs low.

A Mutual Fund in Which No Sales Charge Is Paid