Sir, I got a doubt on the exit load cahrges. It says 1.00% if redeemed on or before the expiry of 365 days from the date of allotment. Does this mean from the date of the first purchase or the last purchase or the last SIP?
Laxmish-Please keep in mind that each SIP for mutual fund investments is a NEW INVESTMENT. Don’t differentiate between lump sum investment to SIP. You are making it monthly with small amount for your own comfort. But for mutual fund companies, your each SIP is a fresh investment. Hence, a SIP of March, 2016 must complete a year to be free from exit loads (if the product offering u the exit load before you do it in a year) after March, 2017.
thank you sir. one more doubt on this same thing.. if i keep continuing on a fund and if i want to redeem a part of that fund, is it possible to redeem without any exit load and still keep investing on that same fund