BOI AXA MF to scrap exit load on short-term income fund

Earlier, the scheme levied an exit load of 1 percent was applicable on redemption or switch-out of units above 10 percent of investments

December 01, 2017 / 11:56 AM IST

BOI AXA Mutual Fund has scrapped the exit load on BOI AXA Short Term Income Fund with immediate effect, the fund house said in a newspaper notice.

Earlier, the scheme levied an exit load of 1 percent was applicable on redemption or switch-out of units above 10 percent of investments, within six months from the date of allotment.

All other features of the scheme remain unchanged.

Tags: #BOI AXA Mutual Fund #Business #MF News

first published: Dec 1, 2017 11:56 am

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BOI AXA MF to scrap exit load on short-term income fund

Earlier, the scheme levied an exit load of 1 percent was applicable on redemption or switch-out of units above 10 percent of investments