How is 1% exit load (if redeemed within a year) is calculated for SIP amounts?

Suppose I have done SIP of Rs.5000 in an MF from March 2019 and I am exiting full from the MF this month.Is the 1% load applicable? Thanks

Best Answer: 1% exit load will apply to the current value of all redeemed units less than or equal to 365 days old. SIP or lump sum does not matter

 

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