To receive a reduced fee on mutual funds by combining fees from multiple transactions across several funds. In most cases fees for mutual funds are reduced when the investor makes a certain dollar amount contribution into their account, meaning that there is a minimum investment amount that must first be met to get a discount. Investors can reach the minimum contribution amount by combining multiple accounts within the same family instead of investing all funds into just one fund. Additionally, fees many also be reduced when an investment amount is met over a certain time period by making smaller contributions.
Related information about cumulative discount privilege:
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A way that an investor in a mutual fund can qualify for lowered fees by totaling transactions in several funds from the same fund family to obtain a reduced fee.
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- Cumulative Discount Privilege: Definition from Answers.com
Cumulative Discount Privilege A way that an investor in a mutual fund can qualify for lowered fees by totaling transactions in several funds from the.
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cumulative discount privilege. A way for a mutual fund shareholder to qualify for a reduced sales charge by combining investments in different funds made at the ...
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Jan 5, 2010... purchase of Gift Certificates, company will have to choose whether to use the Member's Rate privilege or the Cumulative Discount Privilege.
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