JP Morgan Mutual Fund has announced a change in the exit load of JP Morgan India Active Bond with effect from February 8, 2013.
A load of 2% shall be charged if units are redeemed within 12 months from the date of allotment and the rate gets reduced to 1.50% for exit after 12 months and within 18 months.
Till date, a load of 3% is charged if units are redeemed within 18 months from the date of allotment and the load gets reduced by 1% for every 6 months.
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