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L&T Mutual Fund revises exit load of its Schemes


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L&T Mutual Fund has decide to change the exit load of the following schemes with effect from August 11, 2016:

Scheme NameRevised Exit Load
L&T India Prudence Fund
L&T Dynamic Equity Fund
L&T Equity Savings Fund
L&T Monthly Income Plan
L&T Income Opportunities Fund
1% if units in excess of 10% are redeemed or switched-out within 1 year
L&T Short Term Income Fund1% if units in excess of 10% are redeemed or switched-out within 9 months

The Fund House has also changed the minimum amount/number of units for redemption/switch under all open-ended schemes of the Fund except L&T Cash Fund, L&T Liquid Fund, L&T Tax Advantage Fund and L&T Tax Saver Fund to ₹500 or 50 units with effect from August 11, 2016. Also, effective August 11, 2016 the minimum amount of each withdrawals under SWP and transfers under STP will change from ₹1000 to ₹500.