Bharti AXA revises exit load in Short Term Income Fund

0.50 exit load will be applicable on redemption within 6 months as against the earlier 90 days under Short Term Income Fund

Mumbai: Bharti AXA Mutual Fund has revised exit load in Bharti AXA Short Term Income Fund. The scheme will charge 0.50 per cent as exit load if units are redeemed within 6 months from the date of allotment. Earlier, the scheme charged 0.50 per cent as exit load if units are redeemed within 90 days from the date of allotment.

Bharti AXA has also changed the minimum investment amount in Bharti AXA Short Term Income Fund – Institutional Plan to Rs. 1 crore from 25 lakhs. Both the changes will be applicable from September 2, 2011.