What it is
An exit load is a percentage of the redemption value charged when units are redeemed or switched out within a period stated in the scheme documents — often 1% within one year for equity schemes, and none for most liquid and overnight funds. It is credited back to the scheme, not kept by the fund house.
In MFIC
MFIC shows the exit load as written in each scheme's Summary Document (or AMFI's scheme details) on the scheme's Costs tab, in comparisons and on scheme pages. Loads apply per purchase, usually on a first-in-first-out basis for SIPs.
Limitations
Loads can change; the version in force is in the latest Scheme Information Document and addenda on the fund house's website.
Disclosure. Educational content. Figures are historical calculations from AMFI NAV data and may differ from other sources because of methodology. Past performance does not guarantee future results. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155); this page is not investment advice. Questions? Book a consultation.