InvestorQ : Any changes in the exit load of the mutual funds as per the Budget2020?
Moii Chavate made post

Any changes in the exit load of the mutual funds as per the Budget2020?

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Angel dcosta answered.
1 year ago
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There were no specific announcements in the Union Budget 2020 on exit loads. However, in October last year, the SEBI had approved graded exit loads for Liquid Funds. That means for liquid funds with higher maturity and risk, the funds were allowed to charge graded higher levels of exit load. In the meanwhile, the regulator has also asked the funds to reduce the cost of transacting for investors and that includes the exit loads. Also, the regulator has asked the funds to credit the amount of exit loads directly to the fund and not to the AMC so that other unit holders benefit from the same.

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