Change in load structure of L&T Low Duration Fund and dividend declaration of L&T FMP Series VIII Plan B

L&T Mutual Fund revised the exit load of L&T Low Duration Fund to 0.50 per cent for redemption within 1 month, against the previous 1.5 per cent for redemption within 25 days.

The change will be effective from March 06, 2014.

The fund house also announced dividend under the dividend option of L&T FMP Series VIII Plan B-D and L&T FMP Series VIII Plan B Direct-D.

The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as March 10, 2014.