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Load Revision in schemes of Kotak Mutual Fund

Kotak Mutual Fund has announced revision of load in its schemes, effective July 1, 2008:

1. Under its equity schemes, an entry load of 2.25% would be charged for investments less than Rs 5 Crore and an exit Load of 1% would be charged for redemptions/switch outs made within one year from the date of allotment.
2. Kotak Flexi Debt will charge an exit load of 0.15% if redeemed within one working day after the date of allotment.