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Tata Ethical Fund revises period of exit load

Tata Mutual Fund has revised the exit of Tata Ethical Fund, Tata Equity P/E Fund, Tata Midcap Growth Fund and Tata Balanced Fund to 1 per cent if redeemed within 365 days with effect from April 06, 2015.

The existing exit load is 1 per cent if redeemed within 540 days.

The fund house has also announced dividend under the dividend option of Tata FMP Series 46M A-D and Tata FMP Series 46M Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as April 07, 2015.