Explanation:
A load system is a mutual fund with just a sales or benefit fee. For the time and skills in the procurement of a suitable stock, the fund manager charges the load which is used to reimburse a sales agent such as a dealer, financial adviser or investment adviser.
The load is not bad, although it is bad to charge for everything. Organisations with mutual accounts make money from continuing management costs, whether they are No Load or Load Account.
Although there are some issues that are worthwhile more, charges for a mutual fund are totally unnecessary.
