L&T MF: Change exit load

By Morningstar |  27-03-19 | 
 

L&T Mutual Fund has announced change in exit load structure under the following schemes, with effect from 1 April 2019.

Accordingly, the revised exit load for L&T Business Cycles Fund, L&T Emerging Businesses Fund, L&T Equity Fund, L&T Focused Equity Fund, L&T India Large Cap Fund, L&T India Value Fund, L&T Infrastructure Fund, L&T Large and Midcap Fund and L&T Midcap Fund will be:

  • If the units redeemed or switched out are up to 10% of the units purchased or switched in (the limit) within 1 year from the date of allotment – Nil
  • If units redeemed or switched out are over and above the limits within 1 year from the date of allotment – 1 % of Applicable NAV
  • If units are redeemed or switched out on or after 1 year from the date of allotment – Nil
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