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Class A shares involve paying a fee when you purchase your shares. Class B shares impose a fee when you sell your shares. Class C shares impose a fee while holding the shares, such as 0.5% of the value of the share per period.
In Series C rounds, investors inject capital into successful businesses in an effort to receive more than double that amount back. Series C funding focuses on scaling the company, growing as quickly and successfully as possible. One possible way to scale a company could be to acquire another company.
Class C shares don't impose a front-end sales charge on the purchase, so the full dollar amount that you pay is invested. Often Class C shares impose a small charge (often 1 percent) if you sell your shares within a short time, usually one year. Mutual Funds | FINRA.org finra.org ? investing ? investment-products finra.org ? investing ? investment-products
Most mutual funds fall into one of four main categories ? money market funds, bond funds, stock funds, and target date funds. Each type has different features, risks, and rewards. Money market funds have relatively low risks.
Shares of the same fund offer different shareholder rights and obligations, such as different fee and load charges. Common share classes are A (front-end load), B (deferred fees), C (no sales charge and a relatively high annual 12b-1 fee).
Class C shares of a Fund acquired through automatic reinvestment of dividends or distributions will convert to Class A shares of the Fund on the Conversion Date pro rata with the converting Class C shares of the Fund that were not acquired through reinvestment of dividends or distributions. sec.gov ? Archives ? edgar ? data sec.gov ? Archives ? edgar ? data
The mutual fund trust is created by one or more Sponsors, who bring in the initial capital for the mutual fund business. HDFC is the sponsor of HDFC Mutual Fund. The beneficiaries of the mutual fund trust are the investors who invest in various schemes of the mutual fund. The collectively become the beneficiaries. Mutual Funds - IndiaInfoline indiainfoline.com ? what-are-mutual-funds indiainfoline.com ? what-are-mutual-funds