JP Morgan Mutual Fund has decided to revise the exit load of JP Morgan India Banking and PSU Debt Fund to 1% if redeemed within 12 months from the date of allotment. Currently it is 1.5% if redeemed within 1 year, 1% if redeemed after 1 year but within 2 years and 0.5% if redeemed after 2 years but within 3 years from the date of allotment. The change will be effective from August 17, 2015.
The fund house has also decided to declare dividend under JP Morgan India Equity Direct-D and JP Morgan India Equity-D. The quantum of dividend shall be R0.25 per unit. The record date has been fixed as August 20, 2015.
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