Exit Load Calculator
Understanding Exit Load
The exit load is a fee charged by a mutual fund when an investor exits the fund before a specified period.
Key Concepts:
- Investment Amount: The amount of money initially invested in the mutual fund.
- Exit Load Percentage: The percentage of the investment amount that is charged as a fee upon exit.
- Redemption Amount: The amount of money received upon redeeming the investment.
How it Works:
The calculator estimates the exit load based on the investment amount, exit load percentage, and redemption amount.
Calculation Formula:
Exit Load = (Investment Amount * Exit Load Percentage) / 100
Net Redemption Amount = Redemption Amount – Exit Load