Hi Experts,
As most of the the MFs are having exit load if the investor exit from the fund within one year of investment. Kindly make it clear does this applies to each and every installment of SIP or this is applicable from the start of SIP only.
Eg – I started a SIP on 1st Jan 2011 with Rs. 1000. And there is a exit load if i exit within one year. Now my question is, does exit load is valid for each and every installment of SIP like 1-1-2011 installment exit load valid till 31-12-2011, 1-2-2011 installment exit load valid till 31-1-2012 ??
Tarun