L&T Mutual Fund has announced change in exit load under "L&T Short Term Opportunities Fund" with effect from October 8, 2013. According to the revised exit load, L&T will charge an exit load of 0.25 per cent if the scheme is redeemed before 3 months from the date of allotment or otherwise nil.
The investment objective of the open ended scheme is to generate returns for investors with a short-term investment horizon by investing in fixed income securities of shorter term maturity.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index and Vikram Chopra is the fund manager of the scheme.
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