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  • News From Press Axis MF to revise exit load structure on 4 equity funds

    Axis MF to revise exit load structure on 4 equity funds

    Source: Moneycontrol Sep 22, 2017

    Axis Mutual Fund will revise the exit load structure of 4 schemes--Axis Dynamic Equity Fund, Axis Equity Fund, Axis Midcap Fund, and Axis Focused 25 Fund with effect from September 25, the fund house said in a notice.

    Subsequently, there will be no exit load for redemptions or switch-out of up to 10 percent of investments within one year from the allotment date. However, 1 percent exit load will be levied on redemptions or switch-out over 10 percent within one year from allotment.

    Currently, under all the four schemes, an exit load of 1 percent is applicable on redemption or switch-out of units from the scheme within one year from the date of allotment.

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