When you redeem mutual fund units on FYERS, the price you receive depends on the fund type and any applicable exit loads. This payout value is known as either the redemption price (in open-ended schemes) or the repurchase price (in closed-ended or interval schemes).
Both terms refer to the per-unit value investors receive when selling or exiting their fund holdings. The final price is based on the Net Asset Value (NAV) but may be adjusted downward if an exit load is charged.
Redemption Price (Open-Ended Funds)
This is the amount you receive per unit when you sell your units in an open-ended mutual fund. It is usually equal to the scheme’s NAV if no exit load is applicable. If the fund charges an exit load, the redemption price = NAV minus the exit load.
Repurchase Price (Closed-Ended or Interval Funds)
This is the price at which the fund house buys back units during specific repurchase windows. Like redemption price, it is also based on the NAV, but exit loads or fees (if any) are deducted to arrive at the repurchase price.
| Criteria | Redemption Price | Repurchase Price |
|---|---|---|
| Fund type | Open-ended schemes | Closed-ended or interval schemes |
| Frequency | Can be redeemed on any business day | Limited to repurchase windows or at maturity |
| Basis | NAV of transaction day (T-day) | NAV on repurchase date |
| Load adjustment | Adjusted if exit load applies | Adjusted if exit load applies |
| Scenario | Outcome |
|---|---|
| Exit load is applicable | Price is adjusted down by the load—check scheme details for the exact percentage. |
| You redeem after the cut-off time | The next business day’s NAV is applied. |
| You invest in a closed-ended scheme | You can only redeem at maturity or during scheduled repurchase windows. |
Last updated: 17 Nov 2025