Most of the Asset management companies charge the investors if they happen to exit a fund or redeem its units before the lock-in period is over. They may also be referred to as an early-exit penalty or a commission fee to the fund house. But there are some funds which do not come with an exit load.
We have compiled a list of 7 funds which do not charge if you redeem or withdraw the units before the lock-in period is over;

1. HDFC SHORT TERM OPPORTUNITIES FUND
Launched on January 1st, 2013, this short-term debt fund with promising returns at the rate of 8.68% and very low risk.
The return profile of this fund is:
1 year- 6.49%
3 years- 7.98%
5 years- 8.57%
You can start investing in this fund with a minimum SIP of Rs. 500. The Assets Under Management are Rs. 9490 crores. The expense ratio is 0.25% and is an open-ended fund. Zero exit load.
If you are looking for short-term investment of about three-months span, this is fund you would want to invest in. the fund has shown consistent performance over the years since its launch and happens to be one of the biggest funds in the underlying category with AUM as Rs. 9490 Crores.

2. FRANKLIN INDIA ULTRA-SHORT BOND FUND
Launched on January 1st, 2013, this ultra-short-term debt fund with promising returns at the rate of 9.53% and very low risk.
The return profile of this fund is:
1 year- 8.05%
3 years- 9.10%
5 years- 9.49%
You can start investing in this fund with a minimum SIP of Rs. 1000. The Assets Under Management are Rs. 6979 crores. The expense ratio is 0.35% and is an open-ended fund. Zero exit load.
The returns offered by this fund fall under the short-term fund category and the fund invests in a mix of short- and long-term debt securities with a major portion allotted to the short-term ones.

3. INDIABULLS LIQUID FUND
Launched on January 1st, 2013, this short-term debt fund with promising returns at the rate of 8.29% and very low risk.
The return profile of this fund is:
1 year- 6.91%
3 years- 7.60%
5 years- 8.25%
You can start investing in this fund with a minimum SIP of Rs. 1000. The Assets Under Management are Rs. 4541 crores. The expense ratio is 0.07% and is an open-ended fund. Zero exit load. The biggest advantage of this fund is its capability to be liquefied immediately. Liquid funds are considered the most stable funds in the debt-funds category.

4. ADITYA BIRLA SUN LIFE SHORT TERM FUND
Launched on January 1st, 2013, this short-term debt fund with promising returns at the rate of 8.88% and very low risk.
The return profile of this fund is:
1 year- 6.36%
3 years- 8.20%
5 years- 8.77%
You can start investing in this fund with a minimum SIP of Rs. 1000. The Assets Under Management are Rs. 19,445 crores. The expense ratio is 0.26% and is an open-ended fund. Zero exit load. The portfolio of this fund comprises of debt funds and money market securities only.

5. INDIABULLS SHORT-TERM FUND
Launched on September 13th, 2013, this short-term debt fund with promising returns at the rate of 9.50% and very low risk.
The return profile of this fund is:
1 year- 7.06%
3 years- 9.10%
5 years- NA
You can start investing in this fund with a minimum SIP of Rs. 500. The Assets Under Management are Rs. 527 crores. The expense ratio is 0.5% and is an open-ended fund. Zero exit load. This fund largely comprises of money marker securities and debt funds providing with the ease of liquidity.

6. DHFL PRAMERICA SHORT MATURITY FUND
Launched on January 1st, 2013, this short-term debt fund with promising returns at the rate of 9.46% and low risk.
The return profile of this fund is:
1 year- 7.13%
3 years- 8.83%
5 years- 9.34%
You can start investing in this fund with a minimum SIP of Rs. 500. The Assets Under Management are Rs. 1696 crores. The expense ratio is 0.43% and is an open-ended fund. Zero exit load. This fund promises steady returns while maintaining a portfolio with a mix of short-term debt funds and money market securities.

7. ESSEL LIQUID FUNDS
Launched on January 1st, 2013, this is a short-term debt fund.
The return profile of this fund is:
1 year- 6.96%
3 years- 7.57%
5 years- 8.29%
You can start investing in this fund with a minimum SWP of Rs. 1000. The Assets Under Management are Rs. 417 crores. The expense ratio is 0.07% and is an open-ended fund. Zero exit load.

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