Nippon India Mutual Fund has announced change in exit load structure under Nippon India Nivesh Lakshya Fund, with effect from 31 March 2023.
Change in Exit Load:
| Schemes | Existing Exit Load | Revised Exit Load |
|---|
| Nippon India Nivesh Lakshya Fund | 20% of the units allotted can be redeemedwithout any exit load, on or beforecompletion of 36 months from the dateof allotment of units. Any redemption inexcess of such limit in the first 36 monthsfrom the date of allotment shall be subjectto the following exit load.
Redemption of units would be done on Firstin First out Basis (FIFO):
• 1% if redeemed or switched out on orbefore completion of 36 months fromthe date of allotment of units.
• Nil, if redeemed or switched out aftercompletion of 36 months from thedate of allotment of units | 20% of the units allotted can be redeemedwithout any exit load, on or beforecompletion of 12 months from the dateof allotment of units. Any redemption inexcess of such limit in the first 12 monthsfrom the date of allotment shall be subjectto the following exit load.
Redemption of units would be done on First in First out Basis (FIFO):
• 1% if redeemed or switched out on orbefore completion of 12 months fromthe date of allotment of units.
• Nil, if redeemed or switched out aftercompletion of 12 months from thedate of allotment of units. |
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