What is a redemption fee for mutual funds?

A redemption fee is a fee charged to an investor when shares are sold from a fund. The fee is charged by the fund company and added back to the fund. A redemption fee may also be known as an "exit fee", “market timing fee”, or “short-term trading fee.” It is typically instituted within a specified timeframe.

Explore more on it. Similarly, how are fees paid on mutual funds?

First, there are fees that some mutual funds charge as commissions when you buy or sell a mutual fund. These fees are called loads and are calculated as a percentage of the amount you're buying or selling. a constant-load fund that takes out fees on a regular basis. or a no-load fund, meaning you pay no commission.

Also Know, what is an STR fee? A mutual fund redemption fee, also referred to as a “redemption fee”, “market timing fee”, or “short-term trading fee”, is a charge by a mutual fund company to discourage investors from making a short-term “round trip” (i.e. a purchase, typically a transfer, followed by a sale within a short period of time).

Similarly one may ask, what does redeem mutual funds mean?

Redemption means selling off your Mutual Fund holdings. It means the investment amount plus any gain made on your investment will be liquidated and typically transferred into your bank account.

What are the top 5 mutual funds?

Large-Company Stock Funds - 5 years

FUND NAME SYMBOL 5-YR RETURN
Morgan Stanley Multi Cap Growth A CPOAX 15.97%
RidgeWorth Aggressive Growth Stock A SAGAX 15.05
Fidelity Advisor Growth Opportunities A FAGAX 13.43
Morgan Stanley Instl Growth Portfolio A MSEGX 13.32