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Reliance MF: Change in Exit Load under Income Fund and MIP


Reliance MF has approved the following change in the exit load chargeable under Reliance Income Fund and Reliance Monthly Income Plan:

  • For investments of less than Rs. 1 crore: 1% if units are redeemed within 12 months.
  • For investments of Rs. 1 crore and more: 1% if units are redeemed within 1 month.
The change takes effect from December 12, 2008.

Earlier, the exit load chargeable was as follows:
Reliance Income Fund

  • For investments below Rs 5 crores, 0.50% if units were redeemed within 6 months.
  • For investments of Rs. 5 crores and more, 0.10% if units were redeemed within 7 working days.
Reliance MIP
  • For investments below Rs. 25 lakhs, 0.75% if redeemed within 6 months, 0.60% if redeemed after 3 months but within 6 months, 0.50% if redeemed after 6 months but within 9 months, 0.25% if redeemed after 9 months but before 12 months.
  • For investments of Rs. 25 lakhs and more, 0.10% if units were redeemed within 7 working days.