UTI Mutual Fund has amended the exit load structure for an open-ended debt fund, India Infoline reports. The exit load charge for the UTI Bond Fund is 1.25% if exited on or before 180 days, 1% if exited after 180 days and on or before 365 days.
No exit load charge will be applicable if exited after 365 days. The UTI fund retains the flexibility to invest in the entire range of debt and money market instruments. The option is being retained to alter the portfolio in response to a change in the risk-to-return equation for asset classes under investment.
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