Nippon India Nivesh Lakshya Fund Announces change in exit load

Published on May 22, 2021 11:39

Nippon India Mutual Fund has announced change in exit load of Nippon India Nivesh Lakshya Fund, with effect from 02 June 2021.

Accordingly, the revised exit load will:

20% of the units allotted can be redeemed without any exit load, on or before completion of 36 months from the date of allotment of units. Any redemption in excess of such limit in the first 36 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:

If units are redeemed or switched out on or before completion of 36 months from the date of allotment: 1% and Nil, thereafter.