Taurus Mutual Fund has announced provisions for exit load which are applicable with effect from January 1, 2013.
Switch of investments from existing plan to a Direct Plan shall not attract the applicable exit load, if any. For subsequent switch-out or redemption from the Direct Plan, the holding period for applicability of load will be considered from the date of initial investment in the Existing Plan.
However, exit load shall be levied for switch of investments from existing plan made directly to Direct Plan of the scheme. However, any subsequent switch-out or redemption of such investments from Direct plan will not be subject to any exit load.
Switch from Direct Plan of a scheme to Existing Plan under ARN code will not attract applicable exit load. However, for any subsequent switch-out or redemption from the Existing plan, holding period shall be considered from the date of such switch to Existing Plan.