I agree with all of you. Entry load is a big nuisance in name of administrative cost. Atleast the company has well defined it at 2.25% and you KNOW what will be deducted. But more important is UNDEFINED EXIT LOAD. If it also takes away few percentage from your savings and expected earnings, then, it is likely that you will end up somewhere around return similar to a recurring deposit amount. Then, it is of no use. I will enter the scheme ONLY IF EXIT LOAD IS PREDEFINED and ONLY IF I AM ABLE TO CALCULATE, atleast, approximate in near future, say three to five years of savings. Otherwise, recurring monthly deposit MAY BE SIMILAR OPTION. And in that case, there is nothing new in the scheme.
