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JP Morgan Mutual Fund: Change in Exit Load


JP Morgan Mutual Fund has announced a change in exit load of JP Morgan India Short Term Income Fund and JP Morgan India Active Bond Fund. Currently, JP Morgan India Short Term Income Fund was charging 0.75 per cent for redemptions within 6 months from the date of allotment The revised load will be 0.75 per cent from investments redeemed within 3 months from the date of allotment.

While JP Morgan India Active Bond Funds was earlier charging 1 per cent load if redemptions are made within 6 months from the date of allotment. Now it would be 1 per cent load if redemptions are made within 12 months from the date of allotment.

The change will be effective from July 2, 2013.