LIC Mutual Fund has revised load structure in its Government Securities Fund (GSF) and Dhanaraksha '89 with effect from April 01, 2002.
LIC GSF has now become a no-load fund. Earlier, it charges an exit load of 0.3 per cent if redeemed within 6 months.
In Dhanaraksha '89, exit load has been waived off and the entry load has been reduced to 1 per cent as against 2 per cent earlier. Prior to this, the fund charges an exit load of 3 per cent.