Mirae Asset Mutual Fund announces change in Exit Load Structure

Published on Jul 25, 2024 12:05

Mirae Asset Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 31 July 2024

Change in Exit Load:

Name of the Scheme	Existing exit load	Revised exit load
Mirae Asset Multi Asset Allocation Fund	If redeemed within 1 year (365 days) from the date of allotment: 1% If redeemed after 1 year (365 days) from the date of allotment: NIL.	I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: NIL b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): � If redeemed within 1 year (365 days) from the date of allotment: 1%. � If redeemed after 1 year (365 days) from the date of allotment: NIL. II.Other Redemptions: For Investors who have not opted for SWP under the plan: For all other redemption(s) (including Switch out, STP out): � If redeemed within 1 year (365 days) from the date of allotment: 1% � If redeemed after 1 year (365 days) from the date of allotment: NIL