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Tata Mutual Fund: Change in Exit Load


Tata Mutual Fund has announced to change the exit load in Tata Short Term Bond Fund, Tata Dynamic Bond Fund and Tata Gilt Securities Fund with effect from June 27, 2013.

Tata Short Term Bond Fund earlier charged exit load at 0.5 per cent of NAV on redemptions on or before 9 months from date of investing. This will change to 0.5 per cent of NAV if redemptions on or before 180 days.

Tata Dynamic Bond Fund earlier charged load at 0.25 per cent on redemptions within 30 days, which will change to 0.5 per cent of NAV on redemptions on or before 180 days of allotment.

Tata Gilt Securities Fund will now charge exit load at 0.5 per cent of the NAV on redemptions on or before 180 days of allotment. The scheme had no exit load earlier.