24-Sep-2024 12:24
Tata Mutual Fund announces change in Exit Load Structure
Tata Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 24 September 2024
Change in Exit Load:
| Name of the Scheme | Existing Exit Load Structure | Revised Exit Load Structure |
|---|---|---|
| Tata Equity Savings Fund | Exit Load: 1. Redemption / Switch out / SWP / STP on or before expiry of 90 days from the date of allotment: If the withdrawal amount or switched out amount is not more than 12% of the original cost of investment ' NIL 2. Redemption / Switch out / SWP / STP on or before expiry of 90 days from the date of allotment: If the withdrawal amount or switched out amount is more than 12% of the original cost of investment - 0.25% of NAV 3. Redemption / Switch out / SWP / STP after expiry of 90 days from the date of allotment - NIL Unitholders will have the facility to withdraw maximum upto 12% of original cost of investment under Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP) and Redemption / Switch-out without an exit load on First in First Out Basis. | Exit Load: Redemption / Switch out / SWP / STP before expiry of 7 days from the date of allotment - 0.25% of NAV Redemption / Switch out / SWP / STP after expiry of 7 days from the date of allotment - NIL |
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