Mutual Fund Exit Load Calculator
Mutual Fund Exit Load Calculator
How much a mutual fund’s exit load takes from a redemption, and what reaches your bank: by days held against the load period, or by the share of units still inside it when you bought at different times.
Amount after exit load
Redeeming $5,00,000, exit load 1% within 365 days, units held 200 days
Exit load on a redemption
- V
- units redeemed × the applicable NAV on the redemption date
- L
- the exit load in % from the scheme documents
- f
- 1 if the units are inside the load period, 0 if past it; with several purchases, the share of redeemed units still inside it, taking the oldest units first
Worked example
Redeeming $5,00,000, exit load 1% within 365 days, units held 200 days
200 days is within the 365-day period, so the load applies
Load = 5,00,000 × 1% = $5,000
Received = 5,00,000 − 5,000 = $4,95,000
Waiting until day 366 would avoid the load
Exit load on a 5,00,000 redemption inside the load period
| Exit load | Deducted | You receive |
|---|---|---|
| 0.25% | $1,250 | $4,98,750 |
| 0.5% | $2,500 | $4,97,500 |
| 1% | $5,000 | $4,95,000 |
| 2% | $10,000 | $4,90,000 |
| 3% | $15,000 | $4,85,000 |
First-in, first-out: two purchases, redeeming 1,200 units at a NAV of 50 (1% within 365 days)
| Purchase | Units | Held | Redeemed first | Load |
|---|---|---|---|---|
| Oldest | 1,000 | 400 days | 1,000 (past the period) | $0 |
| Newer | 500 | 100 days | 200 (inside the period) | $100 |
How exit load is charged
An exit load is a charge some mutual fund schemes deduct when you redeem or switch out within a stated period, typically something like 1% if redeemed within 365 days of allotment. It is a percentage of the redemption value, the units you redeem × the NAV that applies to your redemption, not of what you originally invested, so a fund that has risen charges a larger amount. Under SEBI’s rules the load is credited back to the scheme rather than kept by the fund house, and the Mutual Funds Regulations, 2026, in force from 1 April 2026, cap it at 3%. The load is set scheme by scheme: read the Scheme Information Document (SID) or Key Information Memorandum (KIM), which also says whether switches, SWPs and STPs are charged.
Several purchases. If you invested through an SIP or topped up, each purchase has its own allotment date and its own load period. Scheme documents and registrars redeem units first-in, first-out: the oldest units go first. So a partial redemption may be entirely load-free even though your latest SIP instalment is recent, and a larger one reaches into newer units. In the second table, 1,200 units are redeemed; the 1,000 oldest are past the period and only 200 carry the 1% load. Choose “several purchases” and enter that loaded share. Units allotted as reinvested dividends (IDCW) are usually free of load; the SID says.
Other cases. Liquid funds carry a small graded load for the first six days (0.0070% on day one, nil from day seven), and many debt and index funds have none. Tax on the redemption is a separate matter and is not shown. To plan regular withdrawals, see the SWP calculator; to move money between funds in steps, the STP calculator; for the cost of a fund’s annual expenses, the expense ratio calculator. This is arithmetic on the figures you enter, not financial advice.
Frequently asked questions
How is exit load calculated on a mutual fund?
Redemption value × exit load %, for units still inside the load period. Redeeming $5,00,000 with a 1% load deducts $5,000, so $4,95,000 is paid out.
Is exit load charged on the amount invested or the current value?
On the current value: the units redeemed × the NAV that applies to the redemption. If the fund has grown, the load is larger than it would be on the amount invested.
How does exit load work for SIP investments?
Each instalment is a separate purchase with its own load period, and units are redeemed first-in, first-out. Only units from instalments still inside the period are charged.
What is the maximum exit load a mutual fund can charge?
3% under SEBI’s Mutual Funds Regulations, 2026, in force from 1 April 2026 (the earlier limit was 5%). Most schemes that charge one use about 1% or less, and many charge none.
Related calculators
References
- SEBI (Mutual Funds) Regulations, 2026. Notification SEBI/LAD-NRO/GN/2026/294, 14 January 2026, in force 1 April 2026: exit load capped at 3% (down from 5% under the 1996 Regulations; SEBI board meeting of 12 September 2025) and credited to the scheme.
- Association of Mutual Funds in India (AMFI), Mutual Funds Sahi Hai: “What are loads?” — “Some schemes levy a charge on exiting the scheme, under certain conditions, which is called ‘exit load’.” mutualfundssahihai.com
- SEBI approval of AMFI’s graded exit load for liquid funds, October 2019 (Business Standard, 15 October 2019, “Sebi formalises graded exit load structure on liquid funds”): 0.0070% for redemption on day 1, tapering to nil from day 7.
- SEBI / AMFI mandatory risk statement: “Mutual fund investments are subject to market risks, read all scheme related documents carefully.”