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Term

EXIT LOAD
raagvamd, RaagVamdatt

This is a fee charged to investors when they withdraw investment from a mutual fund scheme. It is expressed as a percentage (%) of the withdrawal.

This fee is usually charged if investors withdraw their money too soon, say within six months of investment. Thus, it is used to discourage investors from early withdrawal from a mutual fund scheme.

Related Terms: Entry Load, Mutual Fund, MF
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