JP Morgan India Mutual Fund has announced a change in the exit load of JP Morgan India Active Bond Fund with effect from August 13, 2012.
An exit load of 2% shall be applicable if units are redeemed within 12 months from the date of allotment in respect of lumpsum and SIP Purchases.
For redemption of units after 12 months but within 18 months; an exit load of 1% shall be charged.
Earlier an exit load of 1% was applicable for redemptions within 18 months from the date of allotment.