Motilal Oswal Mutual Fund imposes exit load on three index funds

Motilal Oswal Mutual Fund has imposed exit load on its three index funds: Motilal Oswal Nifty Smallcap 250 Index Fund, Motilal Oswal Nifty Next 50 Index Fund, and Motilal Oswal Nifty Midcap 150 Index Fund.

The fund house informed about this change to its unit holders by a notice-cum-addendum. The changes will be effective from June 18.

The time period of the exit load is changed to 15 days from a nil exit load.

All the three aforesaid funds are categorised as index funds.

A switch-out or a withdrawal shall also be subject to the exit load like any redemption.

The aforesaid change in the exit load will be applicable on a prospective basis for investments made on or after June 18, 2024 and shall be in force until further notice. This notice cum addendum forms an integral part of the SID and KIM of the aforementioned schemes of Motilal Oswal Mutual Fund. The SID and KIM of the aforementioned schemes of Motilal Oswal Mutual Fund shall be suitably modified. All other terms and conditions of the aforementioned schemes shall remain unchanged.

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