Mirae Asset Mutual Fund changes exit load period and structure of 6 schemes

Mirae Asset Mutual Fund has changed the exit load period of its three schemes whereas it has changed the exit load structure of three schemes. These schemes are from equity, hybrid, and commodity-based categories.

The fund house informed about this to its unitholders through a notice-cum-addendum. The changes for Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, Mirae Asset Equity Savings Fund, Mirae Asset Midcap Fund, and Mirae Asset Flexi cap Fund will be effective from January 1, 2025.

The changes in Mirae Asset Gold ETF Fund of Fund will be effective from December 24.


The fund house has reduced the exit load period of Mirae Asset Balanced Advantage Fund and Mirae Asset Multi Asset Allocation Fund 365 days to 180 days with no changes in the exit load applicable. The exit load period of Mirae Asset Equity Savings Fund has been reduced from 365 days to 90 days.

Scheme name	Existing exit load	Revised exit load
Mirae Asset Balanced Advantage Fund Mirae Asset Multi Asset Allocation Fund	I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL	I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP-in) on or before completion of 180 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 180 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 6 months (180 days) from the date of allotment: 1% -If redeemed after 6 months (180 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 6 months (180 days) from the date of allotment: 1% -If redeemed after 6 months (180 days) from the date of allotment: NIL
Mirae Asset Equity Savings Fund	Exit load: I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First in First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL	I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP-in) on or before completion of 90 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 90 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First in First Out Basis (FIFO): - If redeemed within 90 days from the date of allotment: 1% -If redeemed after 90 days from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 90 days from the date of allotment: 1% -If redeemed after 90 days from the date of allotment: NIL

Source: Mirae Asset Mutual Fund

The exit load structure of Mirae Asset Midcap Fund, Mirae Asset Flexi Cap Fund, and Mirae Asset Gold ETF Fund of Fund has been changed.

Scheme name	Existing exit load	Revised exit load
Mirae Asset Midcap Fund Mirae Asset Flexi cap Fund	If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL	I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL
Mirae Asset Gold ETF Fund of Fund	-If redeemed within 3 months from the date of allotment: 0.50% -If redeemed after 3 months from the date of allotment: NIL	-If redeemed or switched out within 15 calendar days from the date of allotment: 0.05% If redeemed or switched out after 15 days from date of allotment: Nil

Source: Mirae Asset Mutual Fund

The aforesaid changes in exit load structure shall be applicable for all prospective investments including systematic transactions where registrations / enrolments have been done on or after the effective date.

The fund house also mentioned that the new fund offer of Mirae Asset Small Cap Fund which was supposed to open on January 9 and close on January 23 will now open on January 10 and will close on January 24.