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Personal Finance for Indian Investor => Mutual Funds in India => Topic started by: simmon on April 23, 2013, 02:22:03 PM

Title: exit load in mutual fund
Post by: simmon on April 23, 2013, 02:22:03 PM

What is meant by exit load in mutual fund? Is it affect our saving amount?

Title: Re: exit load in mutual fund
Post by: satishnamdev1684 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.