L&T Changes Exit Load under three Schemes

L&T Mutual Fund has announced a change in the exit load of L&T Flexi Bond, Floating Rate and Gilt Fund with effect from December 3, 2012.

For Flexi Bond, a load of 0.50% shall be charged if units are redeemed within 6 months from the date of allotment instead of the presently applicable 3 months.

For Floating rate, a load of 0.25% is introduced if units are redeemed within 15 days from the date of allotment.

There is a complete waiver of load for Gilt Fund. Presently, 0.25% is charged for exit within 1 month from the date of allotment.