No. Prior to the implementation of the SEBI circular: SEBI/IMD/CIR No.4/ 168230/09, an entry load of 2.25% was charged on all Mutual fund purchases.

As per the new guidelines, with effect from August 1, 2009, entry load will not be charged by AMC on purchases in existing mutual fund schemes or on schemes launched thereafter. 

However, any investment made in an NFO which was launched prior to August 1, 2009 will continue to attract other charges as specified in the offer document.