Funds
What is exit load?
A charge for selling a fund too soon after buying it.
Explained in more detail
It is a percentage of the amount you withdraw, applied only within a stated period. Its purpose is to discourage short term money from disturbing the fund. Index funds and ETFs often have no exit load at all.
An example
For instanceA 1% exit load within one year means selling ₹50,000 early costs you ₹500.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time exit load appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.