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Alliance Income Introduces New Redemption Limit

All fresh investments in to Alliance Income Fund will be subject to a new load structure starting August 1, 2001. All investments up to Rs 10 lakh if redeemed within 6 months of allotment will be subject to an exit load of 0.5 percent.

Presently the fund charges an exit load of 0.5 percent on investments above Rs 5 crore if redeemed within 3 months and without giving a notice of 5 days.