MFs tweak exit load structure with an upward bias

Investors will have to pay higher fees or stay invested for longer periods

Investors redeeming mutual fund units might end up paying higher fees, as most fund houses have revised the exit load structure by increasing the limit of the investment tenure. The move is aimed at encouraging investors to remain with the schemes for a longer period. The changes are across fund categories, including the debt segment. Now, an investor will have to pay three per cent as exit load on redemption of units in less than a year, against only one per cent earlier. To pay one per cent exit load, one will have to remain invested for three years. The move follows tax changes ...