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Do Transaction Fees apply to redemptions as well?

April 26, 2017redemptions transaction fees

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Do Transaction Fees apply to redemptions as well?

1 Answer

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No. Presently, the new fee structure applies only to all Mutual Fund purchases (lumpsum or SIPs), started on or after August 1, 2009, irrespective of the category or sub category of schemes chosen. Accordingly, there are no transaction fees applicable for redemptions or switch out from any scheme, including for Systematic withdrawal plans (SWPs). There could be scheme-related charges like Exit Load applicable on your redemptions, as specified by the fund house. Please review the Exit Load applicable on your investment from ICICIdirect.com, before you to choose to redeem any units.