Franklin Templeton Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 06 January 2025
Change in Exit Load:
| Name of the Scheme |
Existing Provisions |
Revised Provisions |
| Franklin India Arbitrage Fund
|
0.25% if redeemed / switched out within 30 days from the date of allotment and Nil thereafter
|
In respect of each purchase of Units –
• NIL Exit load – for 10% of the units purchased or switched on or before 30 days from the date of allotment.
o The “First In First Out (FIFO)” logic will be applied while selecting the units for redemption
o Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows
o The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase
• All units redeemed /switched-out in excess of the 10% load free units will be subject to the below mentioned exit load. o 0.25% - if Units are redeemed/switched-out on or before 30 days from the date of allotment
o Nil - if redeemed after 30 days from the date of allotment
|