October 23, 2024

Mirae Asset Mutual Fund revises exit load duration of 5 FoFs

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Mirae Asset Mutual Fund has revised the exit load period of its five fund of funds (FoFs). The changes in exit load will be effective from October 30. The fund house stated these changes on a notice cum addendum.

The exit load of four FoFs has been reduced to 15 days from the existing three months whereas for one fund, the exit load period has been increased from 5 calendar days to 15 days.

ETMarkets.com

The fund house mentioned that the changes in load structure shall be applicable for all prospective investments, including systematic transactions where registrations/enrolments have been done on or after the effective date.

In the same notice-cum-addendum, the fund house informed about the change in fund manager of Mirae Asset Liquid Fund, which will be effective from November 1.

ETMarkets.com

Accordingly, the SID and KIM of the aforementioned schemes stand amended suitably to reflect the changes as stated above. This notice-cum-addendum forms an integral part of SID and KIM of the schemes of MAMF, as amended from time to time. All other terms and conditions of SID and KIM will remain unchanged.

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