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Tata Short Term Bond Fund: Change in Exit Load

Tata Mutual Fund has revised the exit load of the following schemes, with effect from October 01, 2014.

Sceheme NameExisting Exit LoadRevised Exit Load
Tata Ethical Fund1% if redeemed within 365 days1% if redeemed within 540 days
Tata Short Term Bond Fund0.5% if redeemed within 180 days0.5% 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.