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SBI MF Changes Exit Load of two Debt Funds

SBI Mutual Fund has announced a change in the exit load of SBI Magnum Instacash and SBI Magnum Income-Floating Rate-Long Term Plan with effect from February 11, 2013.

For Instacash, a load of 0.10% shall be charged if units are redeemed within 3 days from the date of allotment.Till date, no exit load is charged.

For Income-Floating Rate, a load of 0.25% shall be charged for redemption of units within 2 months from allotment date.Till date, a load of 0.10% is charged for exit within 3 days from allotment date.