akhilvimalvyas198 akhilvimalvyas198

19-07-2022
Business

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Aggregation to qualify for a breakpoint is not available to: a a group of family members in the same household that aggregates investment funds b a single individual who has an accumulated position in a fund and who is making an additional purchase c an investment club that purchases different mutual funds within the same fund family d an individual who purchases funds with different investment objectives in the same fund family review

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okpalawalter8 okpalawalter8

27-07-2022

Aggregation to qualify for a breakpoint is not available to an investment club that purchases different mutual funds within the same fund family. This is further explained below.

What is the investment?

Generally, an item purchased or invested in with the purpose of increasing one's wealth and preserving one's financial resources from the hard-earned income or appreciation

In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.

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