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SBI Mutual Fund: Revision of exit load under its four schemes


SBI Mutual Fund has revised the exit load under its four schemes, with effect from June 14, 2010. The schemes are as follows:

Scheme(s)  Existing  Revised
SBI Short Horizon Fund Short Term (Retail and Institutional Plan) 0.50% if redeemed within 15 days from the date of allotment. 0.25% if redeemed within 90 days from the date of allotment.
Magnum NRI Investment ST Bond NIL. 0.25% if redeemed within 90 days from the date of allotment.
Magnum MIP Floater 1% if redeemed within 6 months from the date ofa allotment and 0.50% if redeemed within after 6 months but within 12 months from the date of allotment. 1% if redeemed within 1 year from the date of allotment.
SBI Dynamic Bond NIL. 0.25% if redeemed within 90 days from the date of allotment.