There are two types of loads. “Sales” load — also called front-end load — is a charge collected by a scheme when it sells the units. “Back-end” load is the charge when the fund repurchases the units.

Sensex rebounds 260 points, NSE up 78

MUMBAI: The Bombay Stock Exchange’s (BSE) benchmark 30-share Sensex gained 260 points on Wednesday to close above the 14,000 level on revival of buying interest among investors, who were reassured by firmness in the Asian and European markets. The Sensex, which had dipped 438 points on Tuesday on concerns about political instability, settled at 14,248.66, a net rise of 259.55 points (1.86 per cent). The broader Nifty of the National Stock Exchange also bounced by 78.25 points (1.92 per cent) to close at 4,153.15.