What is an Exit Load in Mutual Funds?
Exit load is a fee charged when investors redeem their units within a specified period. It varies across funds but is typically around 1% if withdrawn within one year for equity funds.
Related Articles
How to add funds to my trading account?
You can easily add funds to your trading account through our mobile application (Swastika) by following the Video/ below steps:- Our detailed video on adding funds: Follow these Steps: 1. Log in to Swastika app. 2. Click on the "Add Funds" button, ...
What is the difference between Direct and Regular Mutual Funds?
Direct Plan: Investors buy mutual funds directly from the fund house, avoiding distributor commissions and resulting in lower costs and higher returns. Regular Plan: Investors buy mutual funds through brokers or distributors, leading to slightly ...
How are mutual fund returns taxed?
Equity Mutual Funds: Short-Term Capital Gains (STCG): 15% (if held for less than 1 year). Long-Term Capital Gains (LTCG): 10% (if gains exceed ₹1 lakh in a financial year). Debt Mutual Funds: Taxed as per individual tax slab (if held for less than 3 ...
What is the process for adding funds to my trading account?
You can easily add funds to your trading account through our mobile application (Swastika) by following the Video/ below steps:- Our detailed video on adding funds: Follow these Steps: 1. Log in to Swastika app. 2. Click on the "Add Funds" button, ...
How can I add funds to my Swastika account through the web trading platform?
Log in to Swastika Account. Go to the ‘Funds’ tab located at the top-right section of your dashboard. Enter the Amount and Proceed to Add Funds: Select Mode of Payment: A new window will pop up asking you to select a mode of payment. You can choose ...