POSTED BY June 25, 2012 2:07 pm COMMENTS (3)ON
I have a basic question regarding mutual fund investment since I am pretty new to mutual fund investments.
Basically I am planning to invest a fixed amount in a few mutual funds every month. The amount may vary and hence I am not doing a SIP for that.
I want to know suppose I invest Rs 5000 in a Mutual fund which has an exit load of 1% before completion of 365 days and say I have started investing on 1st Jan 2012, and I got some units of that MF. I keep on buying same MF in each month.(Within the same folio). At the end of an year I have say 1500 units.
Now can I withdraw all my investment(1500 units) in this mutual fund on say 2nd Jan 2013?
Will there be any exit load since I have not invested a lump sum amount on 1st Jan 2012 but I have done a number of investments on different dates.