Mr. Sharma invests ₹ 10,000 in an equity mutual fund at an opening NAV of ₹ 20.00 (Face Value: ₹ 10 per unit). 

He opts for the dividend reinvestment plan. During the year, the fund declares a dividend of 30%, which is reinvested at an ex-dividend NAV of ₹ 25.00. 

At the end of the year, Mr. Sharma redeems all his units when the closing NAV is ₹ 30.00. If the fund charges an exit load of 1% on redemption, what is his exact holding period return for the year?