Kotak Mutual Fund changes its exit load structure
May 30 2016
News Category: Exit Load Change
Kotak Mutual Fund has changed the exit load structure of Kotak Medium Term Fund, effective from Jun 1. Nothing will be charged for redemption or switch-out of up to 10% of the initial investment amount purchased or switched-in within 18 months from the date of allotment, while 2% will be charged if units redeemed are in excess of the limit within 18 months from the date of allotment. Nothing will be charged after 18 months from the date of allotment.