1. The following exit load will be applicable to Tata MIP Plus Fund, Tata Income Fund and Tata Monthly Income Fund if the units are redeemed within 365 days:
For amounts upto Rs. 25 lakhs, 1%; for amounts more than Rs. 25 lakhs but less than Rs. 1 crore, 0.50%.
The change is applicable for investment through SIP and STP also. Currently, exit load of upto 2% is applicable under the schemes.
2. Tata Floater Fund:
For amounts less than Rs. 5 lakhs, an exit load of 0.50% is applicable if units are redeemed within 30 days. The change is applicable for investment through SIP and STP also. Currently, no exit load is applicable under the scheme.
3. Tata Index Fund (Plan A and Plan B):
Entry Load: NIL
Plan A: 1% if redeemed within 365 days.
Plan B: 0.25% if redeemed within 90 days.
There will be no change in the loads applicable for investments through SIP and STP. Currently, only a 1% entry load is applicable under the scheme.