Comment on Query of the Day

Anandan commented on 21 Aug 2018, 01:00 PM

Hi Fellow Traders,
I have a query related to mutual funds and exit load. When operating on a SIP module we set a duration and pay monthly thus the day of 1st SIP payment becomes date for the exit load calculation. Eg. I start on 1st Jan, 2017 for a duration of 1 year then exiting the MF before 1st Jan, 2018 will make me pay the exit load.

What will be the case if I made a lump sum payment on 1st Jan, 2017 and then every alternate month like March, May and so on (same stock), what will be considered as the exit load date? How would it work?

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