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Kotak Bond Short Term Fund: Revision in Exit Load



Kotak Mutual Fund has revised the exit load under Kotak Bond Short Term Fund. The revised exit load will be 0.50% if redeemed/switch outs (including SIP/STP) within 90 days from the date of allotment of units and NIL if redeemed/switch outs (including SIP/STP) after 90 days from the date of allotment of units.

Earlier, it was 0.50% if redeemed/switch outs (including SIP/STP) within 30 days from the date of allotment of units and NIL if redeemed/switch outs (including SIP/STP) after 30 days from the date of allotment of units.

This load revision is effective September 2, 2011.