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IL&FS Removes Entry Load in two Equity Funds


IL&FS Mutual Fund has removed entry load in two of its equity funds-Growth and Value Fund and eCom Fund. The new load structure will come in effect from July 18, 2001.

Presently both the funds charge an entry load of 2 percent and an exit load of 2 per cent on the investments redeemed within seven days. Under the new load structure, the same amount of exit load will be charged for redemption made within one year.