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No Load in IL&FS eCom and Growth & Value

IL&FS Mutual Fund will remove exit load on its two equity funds -- IL&FS Growth & Value Fund and IL&FS eCOM Fund with effect from April 8, 2002. With this move, these schemes will attract no entry or exit load.

Currently, both funds charge an exit load of 2 per cent if redeemed within 1 year.