Nippon India Mutual Fund has decided to change exit load under the following schemes with effect from May 21, 2020:
Scheme | Existing | Revised |
Nippon India Banking Fund | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days | 1% will be charged for redemption within 1 Month |
Nippon India Power & Infra Fund | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days | 1% will be charged for redemption within 1 Month |
Nippon India Consumption Fund | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days | 1% will be charged for redemption within 1 Month |
Nippon India Pharma Fund | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days | 1% will be charged for redemption within 1 Month |