PPFAS Mutual Fund revises exit load structure

PPFAS Mutual Fund has decided to remove the exit load for 'Switch' transactions between Regular Plan and Direct Plan of PPFAS Long Term Value Fund with effect from April 5, 2016. Accordingly, exit load will not be charged for switching from Regular Plan to Direct Plan and vice versa.

The Fund House has also changed the minimum application amount for Quarterly Systematic Investment Plan (SIP) in PPFAS Long Term Value Fund to ₹3000/- with effect from April 5, 2016. The existing minimum application amount for Quarterly SIP is ₹5000/-. The SIP registration period will also be revised from the effective date.