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Satish invests * 1,50,000 in a mutual fund scheme with no entry load and exit load of 3% upto 3 years. He receives dividend at 5%per year for 7 years. At the end of 7 years, the NAV is * 1,80,000.What is the rate of return ? |
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Answer» Exit Load in Mutual FundsExit load in mutual funds is generally a percentage of the NET Asset Value (NAV) of the mutual fund an investor possesses. The Net Asset value is the net value of an entity and is calculated as the entity’s assets minus the value of its liabilities. Usually, the AMCS DEDUCT the exit load from the total NAV and the remaining AMOUNT gets credited to the investor’s ACCOUNT. |
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