No, Angel One does not charge any extra fees when you redeem your mutual fund units. However, the mutual fund company may charge an exit load if you redeem before a certain period. This charge is from the fund house, not Angel One.
Is There a Fee for Redeeming Mutual Funds on Angel One?
Angel One does not take any platform charge when you redeem mutual funds. The process is free from their side. But some mutual fund schemes may have an exit load if you withdraw before the required time, usually 1% if done within 1 year for equity funds.
What Is Exit Load and Who Charges It?
Exit load is a fee taken by the mutual fund company if you redeem units before a certain holding period. It is usually around 0.5% to 1% depending on the fund. This charge is not from Angel One. It is automatically deducted from your redemption amount by the AMC (Asset Management Company).
Is There Any Tax on Mutual Fund Redemption?
Yes, mutual fund redemptions are subject to capital gains tax. If you sell equity mutual funds within 1 year, 15% short-term capital gains tax applies. If held more than 1 year, 10% tax is charged on gains above ₹1 lakh. For debt funds, taxation depends on your income tax slab.
How Long Does It Take to Get Redemption Amount?
Once you place a redemption request, it usually takes 1 to 3 working days for the amount to reach your bank account. The exact time depends on the type of mutual fund. Liquid funds are faster, equity and hybrid funds may take a bit longer.
Where Can You Check Exit Load Before Redeeming?
Before you redeem, Angel One shows the exit load and other charges on the fund details page. You can check this info easily in your dashboard before confirming the redemption. It helps you avoid unnecessary charges.
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