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Sundaram Bond Saver changes load

Sundaram bond Saver has effected changes in its present load structure. As per the new structure, which came in effect from July 9, 2001, redemption up to Rs 5 lakh if pulled out within 6 months will attract an exit load of 0.5 per cent. Redemption in excess of above amount will be subject to an exit load of 0.25 per cent, provided the same is done within 3 months of investment.

Currently, irrespective of redemption amount, Sundaram Bond Saver charges an exit load of 0.5 per cent on the redemption made within six months from the date of investment.