With effect from April 25, 2002, Canbank Mutual Fund has revised the exit load in its Cangilt PGS & Cancigo Schemes.
In Cangilt PGS, an exit load of 0.15 percent will be charged if redeemed within 3 months. Prior to this, the fund used to charge an exit load of 0.125 percent if redeemed within 30 days and 0.075 percent if redeemed between 31 and 60 days.
Cancigo will not charge any exit load if redemption is made after 6 months. Now, the fund will only charge an exit load of 0.5 percent if redeemed within 6 months. Earlier, it used to charge an exit load of 0.25 percent if redeemed between 6 months and 1 year.