This pertains to the exit load of one of the funds I hold. I would like to know what exit load will be applied if the date of announcement of change in Exit load structure is after the date of my investment. Which rate is applied - the older one or the new one? Thanks.
P. Senthilvel
The changed rate would be applicable only to new investors who come in after the effective date. Asset Management Companies mention the effective date for change of Load Structure of a scheme in the public notice. The exit load applicable to you would be the load which existed at the time when you invested in the fund. Any subsequent change will not be applicable to your investments.
This article was originally published on November 19, 2014.
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