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L&T: Declaration of Dividend, Change in Exit Load, Revision in Benchmark

Mutual Fund

by L&T Mutual Fund | Mutual Fund | 2 Downloaded

1. Declaration of dividend

L&T Mutual Fund Trustee Limited, the Trustees to L&T Mutual Fund ("The Fund"), has approved declaration of dividend, (subject to adequacy and availability of distributable surplus) under the dividend option(s) of the below mentioned schemes on November 24, 2015 i.e the record date ("Record Date") as given under:

L&T: Declaration of Dividend, Change in Exit Load, Revision in Benchmark

Pursuant to payment odf dividend, NAV per unit of the dividend options of the aforesaid schemes will fail to the extent of the payment and statutory levy (if applicable).

Past performance of the aforesaid schemes may or may not be sustained in future.

The dividend would be paid to the unit holders whose name appear in the records of the Registrar and Transfer Agent, as at the close of the business hours on the Record Date.

^Under the dividend re-investment facility, the dividend declared will be re-invested at the ex-dividend NAV.

Please note that in case the Record Date falls on a non-business day would be considered as the Record Date.

2. Change in Exit Load

With effective November 20, 2015, the exit load applicable with respect to redemptions under L&T Flexi Bond Fund ("L&TFBF") and L&T Resurgent India Corporate Bond Fund ("L&TRICBF"); the schemes of the Fund will change as follows. This change will be applicable on a prospective basis i.e on all applications received towards subscriptions/switch-ins on or after November 20, 2015.

i. L&TFBF

L&T: Declaration of Dividend, Change in Exit Load, Revision in Benchmark

ii. L&TRICBF

L&T: Declaration of Dividend, Change in Exit Load, Revision in Benchmark

All the other terms and conditions applicable to the aforesaid schemes shall remain unchanged

3. Revision in the name of benchmark

In view of rebranding of its indices by India Index Services & Products Limited to include the word "Nifty" in the names of the indices: the benchmarks of the following schemes of the Fund shall be renamed as under:

L&T: Declaration of Dividend, Change in Exit Load, Revision in Benchmark

# subscriptions/switch-in into L&T Tax Saver Fund has been restricted with effect from November 23, 2012.

All the other terms and conditions applicable to the schemes of the Fund shall remain unchanged.

4. Introduction of daily transfers under the Systematic Transfer Plan ("Daily STP")

With effect from November 20, 2015, under the existing open-ended schemes of the Fund, transfers under STP of only fixed sums can also be made on a daily basis i.e. Monday to Friday subject to such days being business days. Thus no transfer will take place on a non-business day.

All the other terms and conditions applicable to the STP facility shall also be applicable to Daily STP.

Please read the attached Addendum for details.

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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