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Reliance Floating Rate Fund- Short Term Plan revises exit load


Reliance Mutual Fund has revised the exit load of Reliance Floating Rate Fund- Short Term Plan, with effect from, December 16, 2014. The revised exit load will be 0.50 per cent for redemption/ switching out units within 1 month. Currently, it is 1 per cent for redemption/ switching out units within 6 months.

The fund house has announced dividend under the dividend option of Reliance FHF XXV Series 7-D and Reliance FHF XXV Series 7 Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date. The scheme also gets a roll over.The scheme will now mature on December 29, 2016 against the previous December 16, 2014.

The record date has been fixed as December 16, 2014.