Fidelity MF has notified changes in the exit load applicable under Fidelity Flexi Debt Fund (erstwhile Fidelity Short Term Fund) - Retail and Institutional plans. The change is as follows:
Retail Plan
Existing: Exit load of 0.50% for investment less than Rs.50 lakhs if redeemed
within 6 months.
Revised: Exit load of 1% is applicable if investment of less than Rs. 1 crore
redeemed within 1 year, or investment of Rs. 1 crore or more but less than Rs. 5
crores redeemed within 6 months, or investment of Rs. 5 crores or more redeemed
within 3 months.
Institutional Plan
Existing: NIL
Revised: Exit load of 1% if units are redeemed within 3 months.
The aforesaid changes are applicable with effect from March 12, 2009.
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