Axis Mutual Fund: Change in Load Structure

Axis Mutual Fund has revised the exit load of Axis Focused 25 Fund, Axis Midcap Fund, Axis Triple Advantage Fund and Axis Income Saver Fund to 1 per cent for redemption within 12 months of allotment.

Earlier the exit load under Axis Focused 25 Fund and Axis Midcap Fund was, 3 per cent for redemption within 6 months, 2 per cent for redemption between 6 months to 12 months and 1 per cent for redemption between 12 months to 24 months. 1 per cent for redemption within 2 years of allotment was under Axis Triple Advantage Fund and Axis Income Saver Fund.

The change will be effective from May 05, 2014.