Reliance MF to charge 1% exit fee on 2 open-ended equity schemes

Moneycontrol News

Reliance Mutual Fund will introduce an exit load of 1 percent on Reliance Growth Fund and Reliance Vision Fund, with effect from Feb 1, the fund house said in a newspaper notice today.

The exit fee will be charged to investors if units are redeemed or switched-out before one year from the date of allotment. Currently, no exit load is levied on the scheme.

All other features of both the schemes will remain unchanged