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    HomeNewsBusinessL&T Mutual Fund introduces exit load on triple ace bond fund

    L&T Mutual Fund introduces exit load on triple ace bond fund

    The fund house will levy an exit load of 0.5 percent if investments are exiting or switching out within two years of the allotment date

    Moneycontrol News
    July 17, 2018 / 10:51 IST

    L&T Mutual Fund has introduced an exit load on L&T Triple Ace Bond Fund with immediate effect, the fund house said in an addendum.

    The fund house will levy an exit load of 0.5 percent if investments are exiting or switching out within two years of the allotment date.

    However, the scheme will not attract any load if investments are switched out between different options of the scheme and also on units allocated on account of dividend reinvestments and by way of bonus, the fund house said.

    Earlier, the scheme did not charge any exit load on redemption of units. All other features of the scheme remain unchanged.

    Moneycontrol News
    first published: Jul 17, 2018 10:51 am

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