JPMorgan India Active Bond Fund announces change in exit load structure

With effect from 3 January 2013 

JP Morgan Mutual Fund has decided to modify the Exit load structure for JPMorgan India Active Bond Fund, an open ended income scheme. Accordingly, the revised exit load will be 

3% within 18 Months from the date of allotment in respect of Lump sum & SIP purchases. 

2% within 18 Months from the date of allotment in respect of Lump sum & SIP purchases and nil after 30 months from the date of allotment in respect of Lump sum & SIP purchases. 

The above mentioned load structure shall be applicable from the date of allotment of each instalment of SIP purchase. A switch-out or a withdrawal under SWP shall also attract an Exit Load like any Redemption. The above provisions shall be effective from January 3, 2013 and applicable on prospective investments only.