LIC Mutual Fund has revised the load structures applicable for LICMF Index Fund and LICMF Bond Fund with effect from February 02, 2009. The revised load structures are as follows:
(Earlier, entry load of 2.25% was chargeable for all investments)
LICMF Bond Fund Entry Load: NIL Exit Load: For investments of upto Rs. 1 crore, 1% if redeemed within 1 year.
(Earlier, exit load of 0.50% for investments <= Rs. 50 lakhs if redeemed within 6 months, 0.25% for investments > Rs. 50 lakhs and <= Rs. 5 crores, 0.10% for investments > Rs. 5 crore if redeemed within 1 month.)