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L&T Small Cap Fund turns Open-Ended

L&T Mutual Fund has announced the conversion of L&T Small Cap Fund, a 3 year close-ended equity scheme into an open-ended equity scheme, with effect from January 10, 2011. Accordingly, the scheme will open for subscription, redemption and switches of units from January 10, 2011

New investment in the scheme will be subject to an exit load of 1 per cent if redeemed within 1 year from the date of allotment.