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Whipsaw Glossary

Currently viewing the definition of: Initial Charge
 
 
 The amount charged by a fund manager e.g. a unit trust, when an investment is first made and units first purchased. The initial charge can be around 5% for an equity fund, but is lower for a bond, managed or cash fund. Buying through a Fund Supermarket usually works out cheaper as they are able to negotiate discounted initial charges.