Ch.7 · NAV Calculation Rules · medium
What is the 'redemption price' for an open-ended scheme?
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EXPLANATION
Redemption Price = Applicable NAV − Exit Load (if applicable). If a scheme has 1% exit load for redemptions within 1 year and the NAV is ₹100, the redemption price is ₹99 per unit. After the exit load period, redemption price = NAV. The exit load amount goes back to the scheme corpus, not to the AMC.
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