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K-Bond Deposit Discontinues Royalty Premium


K-Bond Deposit Plan has discontinued the Loyalty premium benefit with effect from April 01, 2002.

The fund used to provide loyalty premium benefit of 0.25 per cent to 1 per cent to the unitholders who hold their units for period longer than 1 year from the date of purchase. Such benefit was added to the applicable NAV for determining the redemption price and was borne by the AMC.