Before you invest in mutual funds, the most important thing to understand is the entry and exit load. Each time you buy a mutual fund, there is a load that is called entry load.
However, there is one particular mutual fund that charges even more than 1 per cent. In most cases mutual funds do not charge any exit load, if the investor has invested for more than 1 year.
What happens in case there is an exit load is that it reduces your overallreturns. So, it is good that you become a long term investors, where you do not sell and buy frequently.