Sundaram Mutual Fund Changes Its Exit load:

To begin with, the Sundaram Mutual Fund changes its exit load to shifting from dividend option to growth option. It has the first MF, the fund which has changed its exit load in an equity fund. 

Moreover, most of the mutual fund houses intend to remove its exit load for or other attractive schemes for investors. Furthermore, the Sundaram MF house declared its exit load changes to its open-ended equity schemes. 

The open-ended schemes such as Sundaram Global Brand Fund, Sundaram Equity Hybrid Fund, Sundaram Arbitrage Fund, and Sundaram Medium Term Bond Fund.

The fund house announced if above 25% of units redeemed by SWP within 1 year from allotment 1% exit load will be applicable. The Sundaram MF also changed its intra-scheme and inter-scheme exit loads.

Read more: Sundaram Mutual Fund