Ch.9 · KYC and Folio Management · easy

What is the maximum exit load permitted by SEBI on any mutual fund scheme?

0% of students got this wrong

EXPLANATION

SEBI caps exit load at a maximum of 2% of the applicable NAV. Any exit load charged must be disclosed in the SID and KIM. Exit load collected goes back to the scheme corpus.

A.1% of NAV

B.2% of NAV [✓ Correct]

C.3% of NAV

D.5% of NAV

EXPLANATION

SEBI caps exit load at a maximum of 2% of the applicable NAV. Any exit load charged must be disclosed in the SID and KIM. Exit load collected goes back to the scheme corpus.

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