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.