Kotak Mahindra Mutual Fund has announced a change in load structure under Kotak 30 Unit Scheme and Kotak Mahindra Dynamic Income Scheme. For Kotak 30, currently there is an entry load of 2 per cent for investment amount less than Rs. 2 crores. Effective January 23, 2004, the fund will charge an entry load of 2 per cent for any investment amount.
Presently Kotak Mahindra Dynamic Income Scheme is a no load fund. From January 27, 2004 it would not charge any entry load but an exit load of 0.50 per cent for investment amount upto Rs.25 lakhs and redeemed within 6 months.
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