Revision in exit load: Kotak Credit Opportunities Fund
Revision in exit load: Kotak Credit Opportunities Fund
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Revision in exit load: Kotak Credit Opportunities Fund
Kotak Mutual fund has announced change in exit load tenure of Kotak Credit Opportunities Fund. Accordingly, the changes will become effective as on December 01, 2011.
A load of 2% will be charged if redemptions/switch-outs (including SIP/STP) made within 6 months from the date of allotment of units, irrespective of the investment amount
A load of 1.5% will be charged if redemptions/switch-outs (including SIP/STP) made after 6 months from the date of allotment of units but before 12 months, irrespective of the investment amount.
1% load will be charged if remptions/switch-outs (including SIP/STP) are made after 12 months from the date of allotment of units but before 15 months, , irrespective of the investment amount.
No load charges is applicable if redemptions/switch-outs (including SIP/STP) is made after 15 months from the date of allotment of units
However, load collected in excess of 1% (which is permissible to be charged under Sebi regulations) shall be credited back to the scheme.
Bonus units and units issued on reinvestment of dividends shall not be subject to exit load.
All other tersm and condition as provided in the Scheme Information Document remain unchanged.
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