In which of the following cases is the transaction charge payable to the mutual fund distributor deducted from the investor's gross investment?
A
When the investor purchases mutual fund units worth Rs. 5,000 through a mutual fund distributor
B
When the investor purchases mutual fund units worth Rs. 10,000 through a mutual fund distributor
C
When the investor purchases mutual fund units worth Rs. 5,000 through the mutual fund's website
D
When the investor purchases mutual fund units worth Rs. 10,000 through the mutual fund's website
Correct Option:
B
Explanation
Transaction charges apply only when the investment amount is Rs. 10,000 or more and the investment is made through a mutual fund distributor. They do not apply to direct investments made through the AMC's website.
