Axis Mutual Fund has released a notice regarding revise of exit load structure of 4 schemes namely Axis Dynamic Equity Fund, Axis Equity Fund, Axis Midcap Fund, and Axis Focused 25 Fund with effect from September 25.
No Exit Load on these 4 equity funds of Axis MF
There will be no exit load for redemptions or switch-out of up to 10 percent of investments within one year from the allotment date. However, 1 percent exit load will be levied on redemptions or switch-out over 10 percent within one year from allotment.
Currently, under all the four schemes, an exit load of 1 percent is applicable on redemption or switch-out of units from the scheme within one year from the date of allotment.
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All other features of the schemes remain unchanged.
Revised exit load structure of Axis Mutual Fund
|Scheme Name||Existing Exit Load Structure||Revised Exit Load Structures|
|Axis Dynamic Equity Fund||1% if redeemed /switched – out within 12 months from the date of allotment||
If redeemed/ switched-out within 12 months from the date of allotment,
– For 10% of investments: Nil
– For remaining investments: 1%
If redeemed / switched – out after 12 months from the date of allotment: NIL
|Axis Equity Fund|
|Axis Midcap Fund|
|Axis Focused 25 Fund||1% if redeemed / switched-out within 1 year from the date of allotment.|
The above change in the load structure will be applicable on prospective investments made on or after September 25, 2017 including all special products offered under the above scheme(s) such as SIP, STP, switches etc.