LIC Mutual Fund announced the revision in exit load of LIC MF Large Cap Fund, LIC MF Multi Cap Fund, LIC MF Large & Midcap Fund, LIC MF Banking & Financial Services Fund, LIC MF Infrastructure Fund, LIC MF Debt Hybrid Fund and LIC MF Equity Hybrid Fund to 1% on units over and above 12% of allotted units if redeemed on or before completion of 12 months from the allotment date. No exit load is applicable if units are redeemed after completion of 12 months from the allotment date.