What does Exit load mean?
Jainam Broking Limited
Last Update 2 years ago
Exit Loads are minimal fines levied by AMCs to deter early withdrawals and redemption.
It differs from fund to fund, meaning that exit loads aren't required for all funds and aren't the same for all funds. The exit load can be found in the AMC's scheme-related materials and on the Coin page for that specific fund.