Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
For Kotak Bank Customers
For Kotak811 Customers
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
A Load Fund charges a percentage of NAV for entry or exit into the fund. The load structure of a scheme has to be disclosed in its offer documents. In accordance with the SEBI circular SEBI/IMD/CIR No.4/168230/09 dated 30 June 2009 there is no entry load for any/all mutual fund schemes.
A no-load fund is one that does not charge entry or exit load. It means the investors can enter the fund/scheme at NAV and no additional charges are payable on purchase or sale of units.
Exit load is generally charged if the exit is made before a specified time. In most equity funds, the exit load is 1% if the exit is before 1 year. Assuming you bought the fund at a NAV of Rs.10, and after 6 months the NAV is Rs.11 and you wish to exit from the fund, you will be charged 1% of 11 = 0.11 and your redemption proceeds would be Rs.10.89 (Rs.11- Rs.0.11).
Currently, in India, the exit load charged is credited to the scheme. Investors should consider loads while making investments as these affect their returns. However, investors should also consider the performance track-record of accomplishment and service standards.
Help Center
Locate us
Contact us