Mumbai: Edelweiss Mutual Fund has hiked the exit load structure in Edelweiss Diversified Growth Equity Top 100 Fund with effect from January 1, 2011.
The fund house will charge 1 per cent exit load if units are redeemed within 365 days from the date of allotment. The scheme earlier charged 1 per cent as exit load if units were redeemed within 180 days from the date of allotment and 0.50 per cent if units were redeemed after 180 days and on or before 365 days from date of allotment. Exit load is not applicable if units are redeemed after 365 days.
Edelweiss Mutual Fund has also changed the name of its Edelweiss Absolute Return Equity Fund to Edelweiss Absolute Return Fund. All other features and terms and conditions of the scheme remain unchanged.
