Tata Mutual Fund has revised the exit load of the following schemes, with effect from October 01, 2014.
Sceheme Name | Existing Exit Load | Revised Exit Load |
Tata Ethical Fund | 1% if redeemed within 365 days | 1% if redeemed within 540 days |
Tata Short Term Bond Fund | 0.5% if redeemed within 180 days | 0.5% if redeemed within 90 days |
The fund house has introduced growth option under Tata Tax Saving Fund, with effect from October 13, 2014. The default option will be growth option and it will available under both the plans i.e. Plan A and Direct Plan. The growth option will start at NAV of ₹10 per unit.