L&T Mutual Fund has announced change in exit load structure under the following schemes, with effect from 12 December 2018.

Accordingly, the revised exit load will be:

L&T Triple Ace Bond Fund:

If the amount sought to be redeemed or switched out is invested for a period of up to 3 months from the date of allotment - 0.5%

If the amount sought to be redeemed or switched out is invested for a period of more than 3 months from the date of allotment - NIL

L&T Low Duration Fund:

If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 3 months from the date of allotment - NIL

If the units redeemed or switched out are over and above the limit within 3 months from the date of allotment - 1%

If the units redeemed or switched out on or after 3 months from the date of allotment - NIL