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JP Morgan India Active Bond Fund exit load increased
JP Morgan India Active Bond Fund exit load increased
JP Morgan increases exit load in Active Bond Fund to 0.50% from 0.25%
Team Cafemutual Jul 7, 2011
JP Morgan increases exit load in Active Bond Fund to 0.50% from 0.25%
Mumbai: JP Morgan Mutual Fund has revised the exit load structure in JP Morgan India Active Bond Fund with effect from July 7, 2011. The fund house will charge 0.50 per cent as exit load if units are redeemed within 3 months from the date of allotment.
The scheme earlier charged 0.25 per cent as exit load if units were redeemed within 1 month from the date of allotment. The scheme is jointly managed by Nandkumar Surti and Namdev Chougule. It is benchmarked against CRISIL Composite Bond Fund Index.
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