Axis Mutual Fund has decided to change the exit load of Axis Equity Saver Fund. The new exit load will be Nil for 10% of Investment and 1% for the remaining investment if redeemed within 12 months from the date of allotment. Previously it was 1% if redeemed within 12 months from the date of allotment. The change will be effective from August 20, 2015.
The Fund house has also decided to declare dividend under Axis Enhanced Arbitrage Direct-D and Axis Enhanced Arbitrage Reg-D. The quantum of dividend shall be ₹0.05 per unit. The record date has been fixed as August 25, 2015.
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