When we sell units of an open-end scheme then we receive redemption price. If an exit load is levied then redemption price will be less than the nav and vice-versa.
SALE/PURCHACE PRICE:
Sale price is the price paid for purchasing the unit of a fund. Again the sale price depends on the load levied on that fund i.e. the entry load. If an entry load is put than sale price would be more than the NAV if there is no entry load levied than sale price would be equal to NAV.
REPURCHASE PRICE:
Repurchase price is the price at which a close-ended scheme repurchases its units. Repurchase can either be at NAV or can have an exit load.
SWITCH:
Some mutual funds give an option to the investor to change his scheme within the fund, in other words it allows shifting from one scheme to another and for this the fund levies a switching fee.
Switching allows the Investor to alter the allocation of their investment among the schemes in order to meet their changed investment needs, risk profiles or changing circumstances during their lifetime.
LOCK –IN-PERIOD:
It is period with in which the fund cannot be permitted to be redeemed. Mostly for open-ended schemes and tax saving schemes there is a lock in period.
SALE/PURCHACE PRICE:
Sale price is the price paid for purchasing the unit of a fund. Again the sale price depends on the load levied on that fund i.e. the entry load. If an entry load is put than sale price would be more than the NAV if there is no entry load levied than sale price would be equal to NAV.
REPURCHASE PRICE:
Repurchase price is the price at which a close-ended scheme repurchases its units. Repurchase can either be at NAV or can have an exit load.
SWITCH:
Some mutual funds give an option to the investor to change his scheme within the fund, in other words it allows shifting from one scheme to another and for this the fund levies a switching fee.
Switching allows the Investor to alter the allocation of their investment among the schemes in order to meet their changed investment needs, risk profiles or changing circumstances during their lifetime.
LOCK –IN-PERIOD:
It is period with in which the fund cannot be permitted to be redeemed. Mostly for open-ended schemes and tax saving schemes there is a lock in period.
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