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NIPPON INDIA NIVESH LAKSHYA FUND ANNOUNCES CHANGE IN EXIT LOAD STRUCTURE

Published on Mar 30, 2023 10:11

Nippon India Mutual Fund has announced change in exit load structure under Nippon India Nivesh Lakshya Fund, with effect from 31 March 2023.

Change in Exit Load:

Schemes 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 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 (FIFO):
� 1% if redeemed or switched out on or before completion of 36 months from the date of allotment of units.
� Nil, if redeemed or switched out after completion of 36 months from the date of allotment of units
 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.

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