There may be some charges and/or taxes when you redeem money from mutual funds. 

Exit Load charges - This is like a penalty for withdrawing your investments too soon. It’s usually charged at 1% for equity funds when you withdraw before one year (there are exceptions). For debt funds, the duration & charges vary greatly. For Liquid funds, it's up to 0.007% if withdrawn within 7 days 

Taxes - The rate of tax can depend on the type of fund (Equity or Debt) and also the duration after which you are withdrawing your money. 

You can read about the charges and taxes in detail in our blog. Note: We show you details of the exit load charges and taxes (if applicable) on the redemption page.