POSTED BY June 7, 2013 10:14 am COMMENTS (4)ON
Is Exit Load applicable on SIP investments also?
Most MFs have an exit load of 1% if the units are redeemed within 1 year from allotment. That means if I start a SIP of Rs. 5000 today and redeem it after one year then I am bound to lose . 50 (1% of 5000) * 11 i.e. Rs 550.
Is that true?