Tata Mutual Fund has removed the exit load from Tata Gilt Mid Term Fund, against the previous 2 per cent for redemption within 365 days, 1 per cent for redemption between 365 days - 730 days, 0.5 per cent for redemption between 730 days - 1095 days.
The fund house has also revised the exit load of Tata Index Fund (Nifty & Sensex) to 0.25 per cent for redemption within 7 days of allotment, against the previous 4 per cent for redemption within 90 days.
The change will be effective from September 18, 2014.
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