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UTI Mutual Fund changes exit load


UTI Mutual Fund has decided to change the exit load of following schemes:

The exit load of UTI Short Term Income Fund will be 0.25 per cent for redemption or switching out units till 30 days. Presently, it is 0.75 per cent for redemption or switching out units till 90 days and 0.50 per cent for redemption or switching out units after 90 but till 180 days.

For UTI Bond Fund, there will be no exit load. Currently, it is 1 per cent for redemption or switching out units till 365 days.

The effective date is December 05, 2014.