Taurus Mutual Fund has announced the following changes in the load structure for investments under Taurus Income Fund:For investments less than Rs. 50 lacs, exit load of 2% will be charged if units are redeemed within 1 year, or 1% if units are redeemed after 1 year but within 2 years. For investments of Rs. 50 lacs and more, an exit load of 0.50% will be charged if units are redeemed within 6 months.
Earlier, an exit load of 0.25% was charged if units were redeemed within 3 months. Taurus Income Fund is an open ended bond fund with an investment objective to maximise income through a basket of debts, bonds, debentures, government securities and money market instruments etc of varying maturities while maintaining safety and liquidity.
No comments:
Post a Comment