With effect from May 04, 2009, all prospective investments of Rs. 25 crore or more in Kotak Equity Arbitrage Fund will be exempt from any exit load.
Currently, following exit load is applicable: For investments of upto Rs. 2 crores, 0.60% if redeemed within 90 days, or 0.50% if redeemed after 90 days but within 180 days. For investments of more than Rs. 2 crores, exit load of 0.50% if redeemed within 30 days.