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SBI MF: Revision of Exit Load under Magnum Income Fund and SBI SHF Short Term Fund


SBI MF has notified revision of exit load applicable under the following schemes:

  1. Magnum Income Fund: For investments upto Rs. 1 crore, 1% if redeemed within 6 months, 0.50% if redeemed after 6 months but within 12 months.
    Currently, for investments upto Rs. 50 lakhs, exit load of 0.50% is applicable for redemptions within 6 months.
  2. SBI SHF Short Term Fund - Retail Plan: 0.50% if redeemed within 3 months, 0.25% if redeemed after 3 months, but within 6 months.
    Currently, exit load of 0.50% is applicable on all investments if redeemed within 6 months.
The change is applicable with effect from January 01, 2009.