LIC Mutual Fund Announces change in Exit Load Structure

Published on May 24, 2024 13:45

LIC Mutual Fund has announced that the exit load of the following Schemes will be revised as under with effect from May 27, 2024 (�Effective Date�):

Change in Exit Load:

Fund Name	Existing Exit Load	Revised Exit Load
LIC MF Large Cap Fund	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units. � 1% on remaining units 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.	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. � 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units. � Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
LIC MF Large & Mid Cap Fund	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units. � 1% on remaining units 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.	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. � 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units. � Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
LIC MF Flexi Cap Fund	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units. � 1% on remaining units 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.	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. � 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units. � Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
LIC MF Aggressive Hybrid Fund	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units. � 1% on remaining units 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.	� 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. � 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units. � Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.