Exit load is a fee or an amount charged from an investor by the AMC for exiting or leaving a scheme or the company as an investor. Exit loads applicable on different fund categories are:
Equity funds: Generally 1% to 2%
Debt funds: Generally 0.5% to 2%
Liquid funds: No exit loads
For units above 10% of the investment, an exit load of 2% if redeemed within 365 days and 1% if redeemed after 365 days but on or before 730 days.