Comment on Introducing Coin - our Direct Mutual Fund Platform

Mani Hemanth commented on 28 Mar 2017, 07:19 PM

Hi Sitaram,

This is little embarrassing, but can you please tell me more about exit loads.

To my knowledge, if there is a exit load of 1% (which I think is the case for most of the mfs ) that mean the fund keeps 1% of my profits is that correct ?

Also, I have started my SIPs in November 2016 so is it better to redeem them in Nov 2017 and escape the tax and exit load and then start fresh with direct ?

Thanks in advance


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