How does exit load work on SIP?
Suppose I have an SIP in a mutual fund thats have an exit load say 1 percent for 1 year. Does that mean 1 year from start of SIP or 1 year from last investment made?
1 year(whatever the period set) from the date the units were bought. And redemptions will be on FIFO, so should be alright based on how much you redeem.
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Thank you