Definition of No Load Fund

No Load Fund in which no charges or commission is deducted or charged during the time of sale or purchase of funds. This is because these funds are distributed directly by investment company rather than selling their shares through an intermediary or broker, hence no broker kind of fee is charged.
Because there is no broker or transaction cost, if an investor invests $ 100,000 then it means all of his $ 100,000 is being invested to earn the profit.