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L&T Mutual Fund: Changes in Exit Load and introduction of Bonus Option


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L&T Mutual Fund has removed the exit load under L&T Low Duration Fund. Presently it is, 0.50 per cent for redemption within 1 month.

The Fund House has announced to introduce bonus option under L&T Ultra Short Term Fund and L&T Liquid Fund.

The Fund House has also decided to discontinue quarterly dividend option under L&T Income Opportunities Fund.

The above mentioned changes will be effective from May 16, 2014.

The Fund House has announced dividend under the dividend option of L&T FMP Series X Plan K-D and L&T FMP Series X Plan K Direct-D.

The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as May 19, 2014.