LIC Mutual Fund has announced a change in the exit load structure of its four equity and equity-oriented schemes.
The fund house informed about this change to its unitholders through a notice-cum-addendum. The changes will be effective from May 27.
The duration of 12 months considered earlier is now changed to three months.
| Scheme name |
Existing exit load |
Revised exit load |
| LIC MF Large Cap Fund |
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
- Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units
|
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
- Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
|
| LIC MF Large & Mid Cap Fund |
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units.
- Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
|
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
- Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
|
| LIC MF Flexi Cap Fund |
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units.
- Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
|
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
- Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
|
| LIC MF Aggressive Hybrid Fund (Erstwhile LIC MF Equity Hybrid Fund) |
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units.
- Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
|
- 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.
- 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
- Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
|
Source: LIC Mutual Fund
These four schemes are from large cap, large & mid cap, flexi cap, and aggressive hybrid categories.
The fund house also mentioned that the revised exit load structure mentioned above shall be applicable prospectively, for all investments (including SIP/SWP/STP registered) from the effective date and shall be in force till further notice.
The necessary/ incidental changes in the above regard shall be carried out in the scheme information document (SID) and key information memorandum (KIM) of the aforementioned schemes. This notice cum addendum shall form an integral part of the SID and KIM of aforementioned schemes of LIC Mutual Fund as amended from time to time. All the other contents of the SID and KIM will remain unchanged.
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