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A fee some mutual funds charge if you redeem units within a set period of buying them.
An exit load is a percentage of the amount redeemed, kept by the fund (not paid to anyone else) to discourage short holding. Each scheme sets its own load and period in its scheme document; many liquid and index funds charge little or none.
For a SIP the period runs separately for each instalment, from the date those units were bought.
Figures on this page are filled from the same tax and scheme tables the calculators use, for the current financial year. Every term in the glossary.