Tata Mutual Fund has revised the exit load structure of Tata Retirement Savings Fund with effect from June 11, 2012. The exit load is chargeable only for investments redeemed or switched out before the attainment of retirement age i.e. 60 years.
The scheme will charge 3% for redemptions/switch outs made within 3 years from the date of allotment and 1% for redemptions/switch outs made after 3 years from the date of allotment.
Changes in Auto SWP Facility
The monthly as well as quarterly Auto SWP (Systematic Withdrawal Plan) amount has been reduced to 0.50% and 1.50% of the market value of investment as on the date of completion of 60 years of age in the respective plan, from 1% and 3% respectively.