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Kotak Mutual Announces Load Change

Kotak Mutual Fund has announced the change in the load structure of its equity schemes - K 30, K Balance, K Tech and K MNC. Currently all these funds charged an entry load of 1.75 per cent. With effect from June 12, 2003, the entry load for these schemes would get revised. These funds would now charge an entry load of 2 per cent for investments less than Rs. 50 lakhs, but would not charge any load for investments greater than or equal to Rs. 50 lakhs.