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.