Canbank Mutual Fund has introduced Growth Plan in its three Schemes - Canpremium(RO), Cancigo and Canexpo. This growth plan now introduced would provide Automatic Repurchase facility to the investors. Under this facility, the fund will redeem without charging any exit load and the amount to be redeemed will be equivalent to the amount of dividend that the fund will be paying under the Dividend option.
The Fund has also waived off exit load in two of its schemes- CanIncome and Cangilt (PGS). CanIncome has removed an exit load of 0.25 per cent applicable to investments above Rs. 5 lakhs, effective October 22, 2002. Also, the exit load of 0.15 per cent applicable to investments under Cangilt (PGS) has been withdrawn with effect from October 18, 2002.
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