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Mutual Funds Make Declaration regarding Additional Expenses

All Mutual Funds have announced that as per the SEBI circular the brokerage and transaction cost incurred for the execution of trades may be capitalised to the extent of 0.12 per cent of the value of trades in case of cash market transactions and 0.05 per cent in case of derivative transactions. Any payment exceeding these limits may be charged to the scheme within the permissible limit of Total Expense Ratio. Any expense beyond this limit shall be borne by the AMC.

The above provisions have been applicable with effect from November 19, 2012.