No exit load shall be charged at the time of redemption of ETFs if: Traded Price (based on closing price) of the ETF units is at discount of more than 5% of NAV for continuous 30 trading days, or No quotes are available on recognised stock exchange for 5 consecutive trading days, or Total bid size on the recognised stock exchange is less than higher of 1% of the total units valued at NAV in ETF or USD 2,500 in value, averaged over a period of seven (7) consecutive trading days.