Almost everyday we get news on revised exit loads.
For eg. The exit load of ‘X’ Mutual Fund has been revised from June 20, 2012.
The revised exit load will be 3% if redeemed on or before 12 months of allotment, 2% if redeemed after 12. Presently, the fund charges an exit load of 1% if redeemed on or before expiry of 365 days from the date of allotment.
Now if I am an existing fund holder, will the revised exit load be applicable for me? Or will the revised exit load be applicable for new investors who purchase it after 20 June, 2012?
My reference is from debt fund perspective.
Thanks
Ramprakash