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Reliance MF changes load structure in its MIP and Bond Fund

Reliance Capital Mutual fund has w.e.f 2nd July 2001 revised the load structure in two of its open-end schemes- Reliance Income Fund and Reliance Monthly Income Plan (MIP).

While, entry into the funds will continue to be at no load, redemptions within 6 months from the date of subscription in both the funds, for investments upto Rs 1 lakh, will now attract a load of 0.5%. Investments above Rs 1 lakh will not attract any load.