There are two charges which are deducted on your funds when your redeem them . These are the charges from Fund house and not from Cleartax
- Expense Ratio - Expense ratio is the fund management fee that the fund company charges from you on your investment. Mutual funds typically have an expense ratio of 0.5% to 2.5%. If, for example, you invest ₹10,000 in a mutual fund that has an expense ratio of 1.5%, then ₹150 from your invested money will be deducted as the expense ratio. This is a small fee you pay the fund company for expertly managing your money.
- Exit Load - Exit load of 1% will be charged only on some of the funds withdrawn before 1 year.