SBI Mutual Fund has revised the exit load on its equity schemes. With effect from October 3, 2006, an exit load of 1 per cent will be levied on investments of less than Rs 5 crores upon redemption within 6 months.
The revised load structure will be applicable on the following schemes:
SBI Bluechip, Magnum Equity, Magnum Balanced, Magnum Multiplier Plus, Magnum Midcap, Magnum Global, Magnum FMCG, Magnum IT, Magnum Pharma, Magnum COMMA, Magnum Contra, Magnum Emerging Businesses, Magnum MultiCap and Magnum NRI Inv FlexiAsset.
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