K-Bond Deposit Plan has removed the exit load with effect from July 10, 2002. With this, it has become a no-load fund now. Prior to this, it used to charge an exit load of 0.5% if redeemed within 3 months for amount less than Rs 5 lakh.
The above change will be applicable for units purchased on or after July 10, 2002. For all the units purchased under the plan before July 10, 2002, provisions, as applicable hitherto, will continue to apply.
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