Question

Q. 6 An investor sold his 157,4 units
of a Mutual Fund when the NAV was
Rs. 20.5. Find the amount received
by him if there is no exit load ?
​

Answer 1

Step-by-step explanation:

Exit load is a cost that an investor needs to bear if he or she sells the mutual fund units before a predefined time frame. Typically, equity mutual fund schemes levy an exit load of 1% if the units are sold within one year of buying. Simply put, it is a mechanism to deter investors from premature withdrawals.

Answer 2

Step-by-step explanation:

Exit load is a cost that an investor needs to bear if he or she sells the mutual fund units before a predefined time frame. Typically, equity mutual fund schemes levy an exit load of 1% if the units are sold within one year of buying. Simply put, it is a mechanism to deter investors from premature withdrawals.