Earlier, the scheme levied an exit load of 1 percent was applicable on redemption or switch-out of units above 10 percent of investments
BOI AXA Mutual Fund has scrapped the exit load on BOI AXA Short Term Income Fund with immediate effect, the fund house said in a newspaper notice.
Earlier, the scheme levied an exit load of 1 percent was applicable on redemption or switch-out of units above 10 percent of investments, within six months from the date of allotment.
All other features of the scheme remain unchanged.
