Shriram Mutual Fund Announces change in Exit Load Structure

Published on Sep 05, 2023 10:17

Shriram Mutual Fund has announced that the exit load of the following Schemes will be revised as under with effect from September 06, 2023 (�Effective Date�):

Change in Exit Load:

Name of the Scheme	Existing Exit Load	Revised Exit Load
Shriram Aggressive Hybrid Fund	If redeemed / switched-out within 365 days from the date of allotment: For 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched out after 365 days from the date of allotment: Nil	If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil
Shriram Flexi Cap Fund	For exit within 365 days from the date of allotment - 1% of applicable Net Asset value (NAV) & For exit after 365 days from the date of allotment - Nil	If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil
Shriram Balanced Advantage Fund	If redeemed / switched-out within 365 days from the date of allotment: Upto 12% of units held by the investor: Nil, More than 12% of units held by the investor: 1% of applicable Net Asset Value (NAV) If redeemed/switched out after 365 days from the date of allotment: Nil	If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil
Shriram Multi Asset Allocation Fund	1% of the applicable NAV, if redeemed/ switched-out within 1 year from the date of allotment.	If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil