MUTUAL FUNDS
LIC AMC announces Change in Exit Load
Dec-02-2022

LIC MF has informed that Exit Load of various Schemes of MF stands modified with effect from 1st December 2022 (effective date). The details of revision in Exit Load of the Schemes are as follows:

Revised Exit Load – For the LICMF Banking & Financial Services Fund: 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units, 1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units and nil, if redeemed or switched out after completion of 90 days from the date of allotment of units. For the LIC MF Infrastructure Fund: 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units, 1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units and nil, if redeemed or switched out after completion of 90 days from the date of allotment of units. For the LIC MF Debt Hybrid Fund: 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units, 1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units and nil, if redeemed or switched out after completion of 90 days from the date of allotment of units.

Revised exit load structure mentioned herein 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.


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