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

Question

Quizplus · Accepted Answer

A no-load mutual fund does not charge any sales fee or commission to the individual investor. This means that the entire investment amount is used to purchase fund shares, unlike a load fund where a percentage of the investment goes towards paying the sales charge. Therefore, a no-load fund is often considered a more cost-effective option for investors.

A Mutual Fund in Which No Sales Charge Is Paid