Mirae Asset Mutual Fund revises exit load duration of 5 FoFs
Mirae Asset Mutual Fund has revised the exit load period of its five fund of funds (FoFs). The changes in exit load will be effective from October 30. The fund house stated these changes on a notice cum addendum.
The exit load of four FoFs has been reduced to 15 days from the existing three months whereas for one fund, the exit load period has been increased from 5 calendar days to 15 days.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-114500092»>The fund house mentioned that the changes in load structure shall be applicable for all prospective investments, including systematic transactions where registrations/enrolments have been done on or after the effective date.
In the same notice-cum-addendum, the fund house informed about the change in fund manager of Mirae Asset Liquid Fund, which will be effective from November 1.
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