SBI Mutual Fund has announced a revision in the exit load of the following debt schemes effective June 1, 2012.
SBI Magnum Income
The revised exit load will be 1% if exited within 1 year of allotment. Presently, the exit load is charged at 0.50% if exited within 6 months from the date of allotment.
SBI Magnum Income Floating Rate Long-term
The revised exit load will be 0.50% if exited within 1 year of allotment. Presently, the exit load is charged at 0.75% if exited within 1 year from the date of allotment.
SBI Short Horizon Debt Short-term
The revised exit load will be 0.25% if exited within 3 months of allotment. Presently, the exit load is charged at 0.25% if exited within 1 months from the date of allotment.
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