MF exit cost on additions

General
1

Hi,

When a fund has an exit load of say 365 days. Is it applicable to each new addition or from the first allotment?

For eg. if i had bought ACME Mutual Fund, with exit load of 1% in 365 days;
1st Jan 22, initial purchase Rs. 10,000/-
2nd Feb 22 added 5,000/-.

Does the exit load stay from 1st jan 22, my first purchase or each amount have separate exit load date?

Hope i was able to explain my question properly.

Thanks.

2

Each purchase will have separate timeline for exit load.
In your example, for units you got for first 10K, you would be liable for exit load till 1st Jan 23 - after that you can sell that load free
Similarly for unit you got for 5K, exit load will be applicable till 2 feb 23, and then load free

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