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What is a Contingent Deferred Sales Charge (CDSC)?

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What is a Contingent Deferred Sales Charge (CDSC)?

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Sometimes the selling expenses of the fund are not charged to the fund directly but are recovered from the unit holders whenever they redeem their units. This load is called a CDSC. It is inversely proportional to the period of unit holding, ie the longer you stay invested in the fund the lesser CDSC load will be.

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