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FAQs

Mutual Funds - When repurchasing a scheme will I get paid for each unit equal to the NAV?

Funds usually charge an exit load at the time of exiting from a scheme. In accordance with the SEBI regulations, this is between 0%;7% in the case of open-end schemes and 0%;5% in the case of close-end ones. Certain funds do not charge any exit load and hence the repurchase is made at NAV.