Do gilt funds come with any exit load?
Yes Gilt funds charge an exit load of one per cent if you redeem the units before one year of investment. You can however choose between short and long term gilt funds as per your investment horizon so that you do not have to worry about exit load.
Most Mutual Funds have exit load with the exception of funds like Liquid Funds. Gilt funds are funds that invest in Government securities. Even though most gilt funds come with exit loads, there are funds that don’t charge any exit load. These include long term gilt funds such as SBI Magnum Gilt Fund and ICICI Prudential Long Term Gilt Fund. So, it is best to check with the fund house or your distributor from whom you purchased the fund.