News From Press SBI MF eases tactical investment into its cyclical funds, cuts exit load

SBI MF eases tactical investment into its cyclical funds, cuts exit load

SBI Mutual Fund has reduced the exit load period from 1 years to 30 days for them and the exit load percentage from 1% to 0.5%. The fund house also cut the exit load on SBI Nifty Next 50 Index Fund from 1% to 0.25% and reduced the exit load period from 1 year to 30 days

Mint Jun 7, 2021

In a notice issued today, SBI Mutual Fund announced that it is reducing the exit load period and exit load percentage on several thematic funds investing in cyclical sectors from 7 June 2021. The sectors tracked by the funds have rallied strongly over the past year. Investors pay exit load if they redeem their investments from a fund before the expiry of the holding period. Investment through SIPs and other similar investing plans in such schemes will also benefit from the exit load reduction on future instalments, the notice said.

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