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DSPML Introduces Load on SIP

DSP Merrill Lynch has changed the load structure for investment in its equity funds through the SIP route. The new load structure will be applicable to five equity funds of the fund house, viz., DSP Merrill Lynch Equity Fund, DSP Merrill Lynch Opportunities Fund, DSP Merrill Lynch Top 100 Equity Fund, DSP Merrill Lynch Technology.com Fund and DSP Merrill Lynch India TIGER Fund.

As per the revised provisions, an entry load of 1 per cent will be charged for investments made in the above-mentioned funds through the SIP facility. An exit load of 1.25 per cent will be levied if the investments are redeemed within two years.

The new provisions will come into effect from September 1, 2005.