Taurus Mutual Fund has announced a change in the exit load structure for three of its schemes: Taurus Banking & Financial Services Fund, Taurus Infrastructure Fund, and Taurus Nifty 50 Index Fund.
The revised structure imposes a 1% exit load if investors redeem their units before 365 days of investment.
This marks a departure from the previous policy, which charged a 0.5% exit load on redemptions made before seven days.
The new exit load policy will apply to all future investments in these funds.
What this means for investors
This change introduces a longer lock-in period for investors looking to avoid exit load charges.
Previously, investors had the flexibility to redeem their investments after seven days with a minimal 0.5% exit load.
Now, they must hold their investments for at least a year to avoid incurring a higher 1% exit load.
For short-term investors, this change could be a deterrent, especially for those who might need liquidity within a year.
However, long-term investors who typically hold their investments for over a year will not be affected by this new policy.
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