Assume I invest Rs.1000 on the 1st of January in a mutual fund that charges an exit load of 1% for redemption within 1 year. After 6 months I invest Rs.500 more in the same fund.
- Now how much would the exit load be if I opt to redeem in November?
- How much would the exit load be if I opt to redeem in February of the next year?
Assume that the NAV remains constant.