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JP Morgan India Active Bond: Change in Exit Load

JP Morgan India Mutual Fund has announced a change in the exit load of JP Morgan India Active Bond with effect from January 3, 2013.

A load of 3% shall be charged if units are redeemed within 18 months from the date of allotment, the rate shall decrease by 1% for every six months.

Till date a load of 2% is charged for exit within 12 months from the date of allotment and 1% for exit after 12 months and within 18 months.