Change in Load Structure under SIP/STP transactions: Kotak Mahindra MF

Effective October 18, 2010, Kotak Mahindra MF has revised the exit load under following schemes: Kotak 30 , Kotak Contra , Kotak Lifestyle , Kotak Midcap , Kotak Opportunities , Kotak Balance, Kotak Select Focus and Kotak Equity FOF.

Existing Load :
For redemptions/ Switch outs
1% exit load if redeemed within 1 year from the date of allotment and Nil after 1 year

For SIP/STP
1 % exit load if redeemed within 2 years from the date of allotment and Nil after 2 years

Revised Exit Load :
For all transactions: 1 % exit load if redeemed within 1 year from the date of allotment and Nil after 1 year