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Zurich Introduces Entry Load in SIP of Equity Schemes


Zurich India Mutual Fund has introduced an entry load of 2 per cent in the SIP (Systematic Investment Plan) of all its equity and balanced schemes, namely, Equity Fund, Top 200 Fund, Capital Builder Fund, Taxsaver and Prudence Fund. This will be effective from May 25, 2002 onwards. However, there is no change in the exit load, which continues to be Nil.

SIPs already registered where at least one purchase has already been processed at no load, as per the earlier SIP load structure, will continue to be processed at no load till the completion of the current SIP period.