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LICMF: Changes in Load structure under its schemes


LICMF has proposed the following changes under the LICMF Monthly Income Plan, LICMF Floater MIP Plan A and LICMF Floater MIP Plan B, w.e.f. June 18, 2009:
Revised Load Strcuture:
For investment less than Rs. 1 crore:
Entry Load: NIL
Exit Load: 1%, if redeemed within 15 months

Earlier, the load structure applicable under the schemes was as follows:,br> For investment less than or equal to Rs.25 lakh:
Entry Load: NIL
Exit Load: 0.50%, if redeemed within 6 months.

For investments more than Rs.25 lakh:
Entry Load: NIL
Exit Load: 0.25%, if redeemed within 3 months