L&T Mutual Fund has announced that an exit load of 1.5% shall be applicable if units are redeemed/switched out from L&T Triple Ace Fund within 12 months from the date of allotment.
For redemption of units after 12 months but within 18 months from the date of allotment,an exit load of 1.0% shall be applicable.
Prior to this change, an exit load of 1% was applicable if units were redeemed within 1 year from the date of allotment.
The above change would come into effect from July 24, 2012.
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