Yes, there may be some charges and taxes depending on the type of Mutual Fund you are redeeming(Equity Mutual Funds and Debt Mutual Funds) and the duration after which you are redeeming these.
1. Exit load
Exit load is like a penalty for withdrawing your investments too soon. The length of time considered as too-soon is generally 1 year for equity funds (there are exceptions) and it's usually a charge of 1% of the amount being redeemed. The duration and charge vary greatly for debt funds. For Liquid funds, it's up to 0.007% if withdrawn within 7 days. You can read more about it on our blog.
The following is a snapshot of taxes. You can read about these in detail on our blog.
We show you details of the exit load charges and taxes (if applicable) on the redemption page. You can refer to this FAQ on how to redeem funds.
This is how we show it: