Charges cost you dearly

Chetan, 28, joined me for breakfast at the local club. What are these commissions and charges that mutual funds and unit linked insurance plans (ULIPs) charge? he asked as he seated himself. I just met Sachin and he tells me that ULIPs have very high charges. I told him that if someone makes the investments for you, they are bound to charge. If out of Rs 100 that you invest, the company takes Rs 2 or Rs 0.50, what difference is it going to make in the long run? Chetan added. Impact of charges You will be surprised at the ...

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