Nippon India Fund Announces change in Exit Load Structure

Published on Dec 19, 2023 11:59

Nippon India Mutual Fund has announced change in Exit Load of Nippon India Nivesh Lakshya Fund shall stand revised as under with effect from December 21, 2023 (�the Effective Date�)

Change in exit load of Nippon India Nivesh Lakshya Fund:

Name of the Scheme	Existing Exit Load	Revised Exit Load
Nippon India Nivesh Lakshya Fund	� 20% of the units allotted can be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months 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): - 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. - Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units	1 % if redeemed or switched out on or before completion of 1 Month from the date of allotment of units. Nil, thereafter.