Exit load of a Mutual Fund scheme is the percentage of fees charged by the AMC on the NAV of a scheme. This is charged only when the investor redeems in the period for which the exit load is applicable.
STCG is acronym for Short-Term Capital Gains. In India, Returns from equity funds sold with in one year of purchase will be treated as Short-Term Capital Gains (STCG). The returns on such equity funds will be taxed at 15%. For more details how mutual fund returns are subject to STCG read this article about Tax on Mutual Fund Returns
Many mutual fund investors have questions about how the income obtained from Mutual Funds are taxed. Well, the fact is the taxation varies for various mutual fund schemes. This article targets the budding investors and tries to explain the tax rates applicable on fund returns for equity and debt mutual fund schemes in simple terms.