If units are redeemed / switched out within 6 months from the date of allotment: If upto 10% of units allotted are redeemed/switched out - Nil.
Any redemption / switch-out of units in excess of 10% of units allotted - 1% of applicable NAV.
If units are redeemed/switched out after 6 months from the date of allotment - Nil