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UTI MF: Change in Exit Load Structure of Index Funds


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UTI MF has notified the following change in the exit loads applicable for 'UTI Master Index Fund' & 'UTI Nifty Index Fund':

For amounts less than Rs 1 crore: Exit load of 1% if units are redeemed within 365 days.
For amounts of Rs. 1 crores and more: Exit load of 1% if units are redeemed within 7 days.
However, as earlier, no entry load is applicable under both the schemes.

The change is effective from November 10, 2008.