SBI Mutual Fund has revised the exit load of SBI Asset Allocation Fund and SBI Equity Savings Fund effective from Dec 3. In case of SBI Asset Allocation Fund, no exit load will be charged in case of redemption/switch out of 8% of the investment on or before 12 months from the date of allotment. For remaining investment, exit load charged will be 1% in the event of redemption within the above-mentioned period. In case of SBI Equity Savings Fund, exit load will be nil.