I want to know what exit load should an investor pay at the time of exiting a fund: the one which is applicable on the date of redemption or the old exit load when he invested in the scheme?
- Anubhav Garg
The exit load which existed when you invested in the fund would be applicable to you. Any subsequent change will not be applicable to your investments. The changed load would be applicable only to new investors who come in after the effective date. Asset Management Companies mention the effective date for change of Load Structure of a scheme in the public notice.
This article was originally published on January 27, 2016.
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