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IL&FS Bond Fund Waives Exit Load

IL&FS Mutual Fund has waived the exit load in the IL&FS Bond Fund. The same came in effect from July 2, 2001.

Prior to this, the open-ended debt fund charged an exit load of 0.5 percent for redemption within 90 days and 0.25 percent for investments pulled out after 90 days but before 180 days.