Yes, there is an exit load which is applicable for both plans and is as follows:
For all investments with respect to units not subject to lock-in period and the holding period is less than 3 years:
- 3% for redemption/switch out on or before 1 year from the date of allotment
- 2% for redemption/switch out after 1 year and up to 2 years from the date of allotment
- 1% for redemption/switch out after 2 years and up to 3 years from the date of allotment
Nil for redemption or switch-out after 3 years from the date of allotment.