Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
The version of a mutual fund scheme whose expense ratio includes a commission paid to the distributor who sold it.
Same scheme, same manager, same portfolio as the direct plan, typically 0.5–1% dearer every year. The extra is charged whether or not any advice is ever given.
The registration number identifying a mutual fund distributor, recorded against the folio it sold.
Striking it off stops that distributor being credited and redirects fresh money, but it does not move units you already hold out of the regular plan.
An intermediary paid commission by the asset manager for selling its products.
Not dishonest — but paid by the manufacturer, so the incentive points at regular plans and switching.