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HSBC MF Introduces Load on SIP/STP


HSBC Mutual Fund has introduced an entry load of 1 per cent on SIP/STPs of Rs 25 lakh and below, along with an exit load of 1.25 per cent, which will be levied if the amount is redeemed within two years from the date of transaction. The new load structure will be applicable for all fresh SIP/STP requests for any of the equity schemes of the fund house received on or after July 1, 2005.