Many exceptions exist, but the average load charge for mutual funds is:
3 - 5%
Now, According to the question:
Let's know:
What is the average load charge for a mutual fund?
The Basics of Front-End Loads
Front-end loads are assessed as a percentage of the total investment or premium paid into a mutual fund, annuity, or life insurance contract. The percentage paid for the front-end load varies among investment companies but typically falls within a range of 3.75% to 5.75%.
What is average exit load in mutual fund?
Suppose you redeem 500 units of a scheme 4 months after your date of purchase. Let us assume that the NAV is Rs 100. The exit load will be = 1% X 500 (number of units) X 100 (NAV) = Rs 500. This amount will be deducted from the redemption proceeds which gets credited to your bank account.
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