If units redeemed or switched out are upto 10% (limit) of the units purchased or switched in within 3 months from the date of allotment - Nil
If units redeemed or switched out are over and above the limit within 3 months from the date of allotment - 1% of the applicable NAV.
If redeemed/switched out after 3 months from the date of allotment - Nil.