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Mutual Funds Reports News Details

LIC Mutual Fund Announces change in Exit Load Structure

(24-May-24   13:45)

LIC Mutual Fund has announced that the exit load of the following Schemes will be revised as under with effect from May 27, 2024 (?Effective Date?):

Change in Exit Load:

Fund Name Existing Exit Load Revised Exit Load
LIC MF Large Cap Fund ? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
? 1% on remaining units 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.
? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
? 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
? Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
LIC MF Large & Mid Cap Fund ? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
? 1% on remaining units 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.
? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
? 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
? Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
LIC MF Flexi Cap Fund ? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
? 1% on remaining units 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.
? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
? 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
? Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
LIC MF Aggressive Hybrid Fund ? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
? 1% on remaining units 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.
? 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
? 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
? Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.

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