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Taurus Banking & Financial Services Fund: Revision in Exit Load

Taurus Mutual Fund has revised the exit load structure of Taurus Banking & Financial Services Fund, with effect from May 25, 2012. The revised exit load will be 1% if exited before 1 year of allotment.

Earlier, the exit load was charged at 1% if exited/switched before 1 year of allotment.

Additionally, if switches from one scheme to another are made to other equity schemes then exit load will be NIL, if switch to ELSS, Nifty Index Fund & debt schemes then relevant exit load will be charged.