Reliance Mutual Fund has revised the load structure under Reliance Monthly Income Plan with effect from January 29, 2004. For all investment up to Rs 25 lakh, the fund would now charge an exit load of 0.75 per cent if redeemed within 3 months; 0.60 per cent if redeemed within 6 months; 0.50 per cent if redeemed within 9 months and 0.25 per cent if redeemed within a year.
And for investment amount above Rs 25 lakh, an exit load of 0.10 per cent would be charge if redeemed within 7 days.
Currently, Reliance MIP has a flat CDSE of 0.50 per cent for redemption made within 6 months and investment amount upto Rs 5 lakh.
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