Load Revision under Equity Funds of Kotak Mutual

Kotak Mutual Fund has revised the exit load structure under the following equity schemes: Kotak 30, Kotak Tech, Kotak MNC, Kotak Balance, Kotak Global India, Kotak Midcap, Kotak Contra, Kotak Opportunities, Kotak Lifestyle and Kotak Equity FOF.

From 21st January 2008, theses funds will be charging an exit load of 1% for investment less than Rs.5 crores if redeemed within 6 months and 0.50% if redeemed after 6 months but within 1 year.

However, entry load continues to remain the same i.e 2.25% for investment less than Rs. 5 crores.