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Author Topic: exit load in mutual fund  (Read 9281 times)

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simmon

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exit load in mutual fund
« on: April 23, 2013, 02:22:03 PM »
What is meant by exit load in mutual fund? Is it affect our saving amount?
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satishnamdev1684

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Re: exit load in mutual fund
« Reply #1 on: July 11, 2013, 05:31:44 PM »
An Exit load or Back-end load or Repurchase load is a charge that is collected at the time of redeeming or for transfer between schemes (switch). The exit load percentage is deducted from the NAV at the time of redemption or transfer between schemes. I learnt this from http://www.reliancemutual.com/KnowledgeCentre/FAQ.aspx. enhance your knowledge then invest accordingly.
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