L&T Mutual Fund has announced change in exit load structure under the following schemes, with effect from 1 April 2019.
Accordingly, the revised exit load for L&T Business Cycles Fund, L&T Emerging Businesses Fund, L&T Equity Fund, L&T Focused Equity Fund, L&T India Large Cap Fund, L&T India Value Fund, L&T Infrastructure Fund, L&T Large and Midcap Fund and L&T Midcap Fund will be:
- If the units redeemed or switched out are up to 10% of the units purchased or switched in (the limit) within 1 year from the date of allotment – Nil
- If units redeemed or switched out are over and above the limits within 1 year from the date of allotment – 1 % of Applicable NAV
- If units are redeemed or switched out on or after 1 year from the date of allotment – Nil
