Nippon India Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 05 August 2024
Change in Exit Load:
| Name of the Scheme |
Existing exit load |
Revised exit load |
| Nippon India Equity Savings Fund
|
10% of the units allotted shall be redeemed without any exit load, on or before completion of 1 month from the date of allotment of units. Any redemption in excess of such limit within 1 month from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO):
• 1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.
• Nil, thereafter.
Not applicable for Segregated Portfolio
|
10% of the units allotted shall be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit within 15 days from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO):
• 1% if redeemed or switched out on or before completion of 15 days from the date of allotment of units.
• Nil, thereafter.
Not applicable for Segregated Portfolio
|