News From Press Short-term debt MFs have low or nil exit load

Short-term debt MFs have low or nil exit load

A quick churn may not only give the investor subpar returns but also harm other investors in the fund because the manager is forced to keep higher amounts of money in cash to meet redemptions rather than investing it

Mint Oct 1, 2020

An exit load is a charge that investors have to pay when exiting a mutual fund within a certain period of time. It is expressed as a percentage of the investment. For example, if your investment is ₹10 lakh, a 1% exit load would come to ₹10,000. The exit load is levied to deter people from moving out of a mutual fund too soon after the investment.

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