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SBI MF turns Magnum Balanced and Magnum Equity no-load schemes


SBI MF has notified changes in the load structures of Magnum Balanced Fund and Magnum Equity Fund, effective May 18, 2009.

For investments other than SIP / STP:
Entry Load: NIL
Exit Load: For investments less than Rs. 5 crore, 1.50% if redeemed before 6 months or 1% if redeemed after 6 months but within 12 months.

For SIP / STP (unchanged):
Entry Load: 2.25%
Exit Load: For investments less than Rs. 5 crore, 1% if redeemed before 6 months or 0.50% if redeemed after 6 months but within 12 months.