No exit load in two Bharti AXA schemes

Mumbai: Bharti AXA Mutual Fund has revised the exit load structure under Bharti AXA Equity Fund and Bharti AXA Focused Infrastructure Fund. After the revision, both schemes will not charge any exit load.

Currently, these schemes charge 1 per cent as exit load, if units are redeemed within 1 year from date of allotment. The changes will be effective from 01^st January, 2011.

Bharti AXA Equity Fund and Bharti AXA Focused Infrastructure Fund are open ended equity schemes and benchmarked against S&P Nifty and BSE 100, respectively.  Both the schemes are managed by Prateek Agrawal.