Mirae Asset Mutual Fund changes exit load period and structure of 6 schemes

The fund house informed about this to its unitholders through a notice-cum-addendum. The changes for Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, Mirae Asset Equity Savings Fund, Mirae Asset Midcap Fund, and Mirae Asset Flexi cap Fund will be effective from January 1, 2025.

The changes in Mirae Asset Gold ETF Fund of Fund will be effective from December 24.

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The fund house has reduced the exit load period of Mirae Asset Balanced Advantage Fund and Mirae Asset Multi Asset Allocation Fund 365 days to 180 days with no changes in the exit load applicable. The exit load period of Mirae Asset Equity Savings Fund has been reduced from 365 days to 90 days.

Scheme name

Existing exit load

Revised exit load

Mirae Asset Balanced Advantage Fund



Mirae Asset Multi Asset Allocation Fund


I. For investors who have opted for SWP under the plan:
a) 15% of the units allotted (including Switch-in/STP — in) on or before completion of 365 days from the date of allotment of units: Nil.


b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO):


-If redeemed within 1 year (365 days) from the date of allotment: 1%
-If redeemed after 1 year (365 days) from the date of allotment: NIL

II. Other Redemptions: For Investors who have not opted for Read more on economictimes.indiatimes.com