SBI Mutual Fund has revised the exit load of following schemes.
|Scheme Name||Existing Load Structure||Revised Load Structure|
|SBI Magnum Balanced Fund & SBI Magnum Global Fund||1% for redemption within 1 year||1.5% for redemption within 18 months|
|SBI Magnum Monthly Income Plan - Floater||For 10% of investments - Nil For remaining investment - 1% redemption within 1 year||For 10% of investments - Nil For remaining investment - 1.5% redemption within 18 months|
The changes will be applicable from August 06, 2014.