Reliance Mutual Fund has revised the exit load of following schemes:
The proposed exit load of Reliance Short Term Fund will be 0.25 per cent for redemption/ switching out units within 1 month against the previous 0.5 per cent for redemption/ switching out units within 3 months.
The proposed exit load of Reliance Medium Term Fund will be 0.5 per cent for redemption/ switching out units within 7 days against the previous 0.5 per cent for redemption/ switching out units within 1 month.
Reliance Monthly Income Plan will now allow 10 per cent of the units allotted to be redeemed without any exit load, each year for the first three years from the date of allottment. For redemption in excess of 10 per cent in any of the first three years, the existing load structure shall apply.
The effective date is December 15, 2014.
The fund house has announced dividend under the dividend option of Reliance Regular Savings Balanced-DQ and Reliance Regular Savings Balanced Direct-DQ. The quantum of dividend will be ₹ 0.5 per unit.
The dividend option of Reliance FHF XXI Series 29 also declares dividend. The quantum of dividend shall be the entire distributable surplus as on record date.
The record date has been fixed as December 15, 2014.
The fund house has also decided to roll over Reliance Fixed Horizon Fund - XXI - Series 29. The maturity date is extended from December 15, 2014 to January 29, 2015.