Standard Chartered Mutual Fund has announced the launch of its maiden equity fund. A diversified equity scheme, the Standard Chartered Classic Equity Fund will remain open for initial subscription between June 27 and July 14, 2005.
The fund will charge an entry load of 2.25 per cent for investments below Rs 5 crore, while no entry load will be applicable beyond that limit. For the SIP/STP transactions, no entry load will be charged where single instalment is either less than or equal to Rs 10 lakh, or greater than or equal to Rs 5 crore. For SIP/STP transactions where single instalment falls between Rs 10 lakh and Rs 5 crore, an entry load of 2.25 per cent will be levied.
An exit load of 2 per cent will be levied in case of SIP/STP where single instalment is less than or equal to Rs 10 lakh, provided no entry load was charged and redemption takes place within two years from the date of allotment.
No entry or exit load will be chargeable in case of switches made between different options of the scheme. If the SIP/STP is discontinued prior to minimum six months after commencement of SIP/STP, an exit load of 2 per cent will be charged on such investments irrespective of the date of redemption.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
