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Tuesday, January 27, 2015

BNP Paribas MF Announces Change In Exit Load Structure Under Two Schemes

With effect from 30 January 2015

BNP Paribas Mutual Fund has announced change in exit load structure under BNP Paribas Medium Term Income Fund and BNP Paribas Short Term Income Fund, with effect from 30 January 2015. 

Accordingly the revised exit load will be: 

BNP Paribas Medium Term Income Fund: 

If redeemed / switched-out within 12 months from the date of allotment of units, the exit load will be 1.00% 

If redeemed / switched-out after 12 months from the date of allotment of units, the exit load will be Nil. 

BNP Paribas Short Term Income Fund: 

If redeemed / switched-out within 3 months from the date of allotment of units, the exit load will be 0.50% 

If redeemed / switched-out after 3 months from the date of allotment of units, the exit load will be Nil. 

Further, no exit load will be charged for dividend reinvestment units. Transaction charges, if applicable, shall be deducted. The above mentioned load structure is also applicable to SIP investments.
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