Nippon India Mutual Fund announces change in Exit Load Structure

Published on Aug 05, 2024 11:02

Nippon India Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 05 August 2024

Change in Exit Load:

Name of the Scheme	Existing exit load	Revised exit load
Nippon India Equity Savings Fund	10% of the units allotted shall be redeemed without any exit load, on or before completion of 1 month from the date of allotment of units. Any redemption in excess of such limit within 1 month 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 1 month from the date of allotment of units. � Nil, thereafter. Not applicable for Segregated Portfolio	10% of the units allotted shall be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit within 15 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): � 1% if redeemed or switched out on or before completion of 15 days from the date of allotment of units. � Nil, thereafter. Not applicable for Segregated Portfolio

Name of the Scheme

Existing exit load

Revised exit load

Nippon India Equity Savings Fund

10% of the units allotted shall be redeemed without any exit load, on or before completion of 1 month from the date of allotment of units. Any redemption in excess of such limit within 1 month 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 1 month from the date of allotment of units.

� Nil, thereafter.

Not applicable for Segregated Portfolio

10% of the units allotted shall be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit within 15 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):

� 1% if redeemed or switched out on or before completion of 15 days from the date of allotment of units.

� Nil, thereafter.

Not applicable for Segregated Portfolio