Exit load
A fee some mutual funds charge if you sell within a set period, often 1% within a year for equity funds.
It's deducted from what you receive, and it's meant to discourage short-term trading. Check the fund's scheme document: liquid funds charge a small load for the first week, many debt funds none.
Related terms
Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.