07-Jan-2025 12:28
Franklin Templeton Mutual Fund announces change in Exit Load Structure
Franklin Templeton Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 06 January 2025
Change in Exit Load:
| Name of the Scheme | Existing Provisions | Revised Provisions |
|---|---|---|
| Franklin India Arbitrage Fund | 0.25% if redeemed / switched out within 30 days from the date of allotment and Nil thereafter | In respect of each purchase of Units ' ' NIL Exit load ' for 10% of the units purchased or switched on or before 30 days from the date of allotment. o The 'First In First Out (FIFO)' logic will be applied while selecting the units for redemption o Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows o The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase ' All units redeemed /switched-out in excess of the 10% load free units will be subject to the below mentioned exit load. o 0.25% - if Units are redeemed/switched-out on or before 30 days from the date of allotment o Nil - if redeemed after 30 days from the date of allotment |
Powered by Capital Market - Live News
News source: Capital Market - Live News
