Nippon smallcap mutual fund revises exit load and limits subscription

Nippon India Mutual Fund has decided to revise the exit load and limit subscriptions in Nippon India Small Cap Fund. The fund house informed about this to the investors through a notice-cum-addendum. The changes will be effective from March 22.

The fund house mentioned that with effect from October 1, 2012, exit load if charged to the scheme shall be credited to the scheme immediately net of goods and service tax, if any.

The revision in exit load shall be applicable on a prospective basis to; (a) all the subscription transactions (including switch-in) processed with NAV of March 22, 2024, and thereafter, irrespective of receipt of application. (b) all the systematic transactions such as Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) etc. where registrations/enrolments have been done on or after the effective date.