You have recently sold some of your mutual fund investments. When you saw the redemption amount in the bank account, you have noticed that the amount is a little less than what you have expected. Where did the money go?
Well, most probably it went towards an exit load. Mutual funds charge an exit load on redemptions before a stipulated period. Mutual funds typically levy exit load to discourage investors from hopping in and out of schemes.
Different mutual fund sc ..
