Edelweiss MF Changes Exit Load of Few Schemes

Edelweiss Mutual Fund has announced a change in the exit load of Edelweiss Absolute Return, Equity Enhancer, Select Midcap and Diversified Growth Equity top 100 with effect from December 6, 2012.

Presently, a load of 2% is charged for all the above schemes if units are redeemed within 180 days, 1% if redeemed after 180 days and within 365 days from the date of allotment.

The revised load for all the schemes except Diversified Growth Equity Top 100 stands as 1% for exit within 365 days from the date of allotment.

For Diversified Growth Equity Top 100, a load of 3% shall be charged if units are redeemed within 365 days from the date of allotment. The load gets reduced to 2% if redeemed after 365 days but within 730 days and to 1% for exit after 730 days from the date of allotment.