With effect from 08 April 2013
Kotak Mutual Fund has announced change in exit load structure of Kotak
Equity Arbitrage Scheme, an open ended equity growth scheme.
Accordingly, the revised exit load will be 0.50% for
redemptions/switch-outs (including SIP/STP) within 90 days from the date
of allotment of units, irrespective of the amount of investment and nil
for redemptions/switch-outs (including SIP/STP) after 90 days from the
date of allotment of units, irrespective of the amount of investment.
Exit load charged (net off Service Tax, if any) shall be credited back
to the scheme. Bonus units and units issued on reinvestment of dividends
shall not be subject to exit load.
The aforesaid revised exit load structure will be applicable only on a
prospective basis to units purchased/SIP/STP registered on or after 08
April 2013.