Sebi has announced measures to strengthen investor protection and financial inclusion via mutual funds.
The load reduces to 0.0065 percent on day two; 0.006percent on day three, 0.0055percent on day four; 0.005percent on day five; 0.0045 percent on day six and 0 percent from the seventh day onwards.
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
The scheme will levy an exit load of 0.20 percent if units are redeemed within 30 days from the allotment date.
Unit holders redeeming the units of the scheme before six months from the date of allotment will have to pay an exit fee of 0.50 percent
The exit fee will be charged to investors if units are redeemed or switched-out before one year from the date of allotment
No load will be levied if investments are redeemed/switched after one year from the date of allotment.
The fund house will now charge exit load for switches and systematic transfer plan made to DSP BlackRock Balanced Fund and all open ended equity schemes of DSP BlackRock Mutual Fund
Tata Retirement Savings Fund - Conservative Plan announces change in exit load structure, with effect from January 15, 2015.
DSP BlackRock Mutual Fund announces change in exit load structure under its two schemes, with effect from January 20, 2016.
SBI Nifty Index Fund announces change in exit load structure, with effect from January 14, 2016.
Edelweiss Arbitrage Fund announces change in exit load structure, with effect from January 14, 2016.
SBI Regular Savings Fund announces change in exit load structure, with effect from January 08, 2016.
L&T Cash Fund announces change in exit load structur, with effect from January 06, 2016.
UTI Short Term Income Fund announces change in exit load structure, with effect from January 01, 2016.
LIC Nomura MF Childrens Fund announces change in exit load structure, with effect from January 01, 2016.
L&T Cash Fund announces change in exit load structure, with effect from December 16, 2015.
SBI Magnum Multicap Fund announces change in exit load structure, with effect from November 19, 2015.
L&T Cash Fund announces change in exit load, with effect from October 07, 2015.
SBI Treasury Advantage Fund announces change in exit load structure, with effect from October 05, 2015.
ICICI Prudential Index Fund announces change in exit load structure, with effect from October 05, 2015.
Pramerica Dynamic Bond Fund announces change in exit load structure, with effect from September 28, 2015.
Principal Debt Opportunities Fund announces change in exit load structure, with effect from September 01, 2015.
Axis Short Term Fund announces change in exit load structure, with effect from August 28, 2015.
ICICI Prudential Short Term Plan announces change in exit load structure, with effect from August 28, 2015.