Kotak Mutual Fund has changed the exit load structure of Kotak Income Opportunities Fund, Kotak Monthly Income Plan, and Kotak Equity Savings Fund, effective from Jun 1. Under all the options, nothing will be charged for redemption or switch-out of up to 10% of the initial investment amount purchased or switched-in within one year from the date of allotment, while 1% will be charged if units redeemed are in excess of the limit within one year from the date of allotment. Nothing will be charged after 1 year from the date of allotment.