Mutual Funds Reports News Details
Nippon India Multi Asset Fund Announces change in exit load structure
(29-Sep-23 12:31)
Nippon India Mutual Fund has announced change in exit load structure under Nippon India Multi Asset Fund w.e.f. October 03, 2023. The details of the same are as follows:
Change in Exit Load:
| Scheme | Existing Exit Load | Revised Exit Load |
|---|---|---|
| Nippon India Multi Asset Fund | 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. 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 year from the date of allotment of units. ? Nil, thereafter. | 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months 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 12 months from the date of allotment of units. ? Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. |
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