Individual investors seeking information on how to buy no-load funds have a new resource. The Mutual Fund Education Alliance added a section to its Investor's Center website to help investors locate no-load and low-cost mutual funds.

"The MFEA is very committed to helping individual investors learn how to purchase no-load mutual funds and save on costly loads, but there are an increasing number of ways to do that," said Michelle A. Smith, managing director of the MFEA. "Fund companies distribute funds through many channels and within each channel investors can still benefit from selecting no-load funds. The real decision is about advice-how much do you need and how much do you want to pay for it."

The site explains the five ways investors can typically purchase no-load shares: direct, through an online broker, through an employer-sponsored retirement plan, through a 529 plan or through a fee-based financial advisor.  

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