Exit load structure changes in SBI Magnum Medium Duration Fund

SBI Mutual Fund has announced a change in the exit load structure of SBI Magnum Medium Duration Fund. Exit load of 1 per cent will now be charged if units are redeemed within three months of investment. Previously, a 1.5 per cent exit load was applicable on redemption within 12 months and only for units exceeding 8 per cent of investment.

The change is effective from August 28, 2024, for all prospective investments in the fund.