
SBI Mutual Fund has announced a revision in exit load under Magnum Income Fund – Floating Rate Plan – Savings Plus Bond Plan, with effect from March 11, 2011.
Revised exit load will be 1 per cent if redeemed within 1 month from the date of allotment and nil if redeemed after 1 month from the date of allotment.
Earlier, exit load used to be Nil.