Tata Short Term Bond Fund revises exit load

Tata Mutual Fund has revised the exit load of Tata Short Term Bond Fund to 0.50 per cent for redemption / switching out units within 90 days. Currently, it is 0.25 per cent for redemption / switching out units within 30 days.

The fund house has changed the exit load of following schemes also:

The existing exit load of Tata Fixed Income Portfolio Fund Scheme A1, A2 and A3 is 0.25 per cent for redemption / switching out units on days other than the specified days.

The existing exit load of Tata Fixed Income Portfolio Fund Scheme B2 and B3 is 0.50 per cent for redemption / switching out units on days other than the specified days.

The existing exit load of Tata Fixed Income Portfolio Fund Scheme C2 and C3 is 0.75 per cent for redemption / switching out units on days other than the specified days.

Now, there will be no load for the above mentioned schemes.

The effective date is December 24, 2014.