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25 Jul 2024 12:05
Mirae Asset Mutual Fund announces change in Exit Load Structure
Mirae Asset Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 31 July 2024

Change in Exit Load:

Name of the Scheme Existing exit load Revised exit load
Mirae Asset Multi Asset Allocation Fund 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. 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 SWP under the plan: For all other redemption(s) (including Switch out, STP out):
• 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

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