Exit load is permissible on redemption of investments

Can PMS charge Exit load on the transmission of units/ investments to Nominee after the death of Investor which happens within a period of 2 years from the date of investment in PMS? —Name withheld on request Based on the limited facts conveyed in your query, the exit loads are permissible on the redemption of units or investments. On the management fees charged during the transmission, if the investments continue to be managed by the PMS provider during the process then the management fees will be applicable. You may also note that if you decide to liquidate or redeem your PMS after the completion of the transmission process within the exit load period, you will be charged with applicable exit loads based on the PMS agreement.