Decoding the Redemption Price in Mutual Funds

What does redemption price mean in mutual funds?

Redemption Price is the amount an investor receives when selling units of an open-ended mutual fund scheme. If there's no exit load associated with the redemption, then the redemption price will be equal to the NAV of the scheme. However, if there is an exit load, the redemption price will be somewhat less than the NAV.

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