No, mutual fund charges are not charged monthly. There are many different types of mutual fund fees depending on the type of transaction. Such mutual fund expenses are exit load, entry load, and expense ratio. The exit load is the charge on the redemption of mutual funds. Exit load is charged as a percentage of the NAV on the date of redemption. This percentage differs from one AMC to another. The exit load is charged either as a flat percentage on withdrawal or as a period of holding percentage on the number of units withdrawn. For example No exit load if up to 10% of Units allotted are redeemed or switched out within 1 year from the date of allotment. For example- if redeemed or switched out in excess of 10% of units allotted within one year from the date of allotment an exit load of 1%. Expense ratio is the fee charged by the asset management companies against the annual management of the mutual fund scheme. The TER total expense ratio formula is used to calculate the annual fee percentage. TER = Total expense incurred / Fund’s net assets. Expense ratio is higher for actively managed funds in comparison to the passively managed funds. Entry load is the charge which is charged at the time of purchase of a mutual fund scheme. This expense. The purpose of this expense is to cover the various expenses such as distribution, advertisement, promotion, etc. The SEBI abolished the entry load in the year 2019. Hence, it is not charged by any AMC now.