Kotak Mutual Revises Entry Load for SIP Investments

Kotak Mutual Fund has increased the entry load on SIP investments in its equity funds. Effective February 7, 2007, the load structure for SIP/STP transactions will be similar to the non-SIP/STP transactions. For investments of less than Rs 5 crore, an entry load of 2.25 per cent would be charged, while an exit load of 1 per cent would be levied upon redemption within 6 months.

Earlier, an entry load of 1.25 per cent was charged for SIP/STP transactions of less than Rs 25 lakhs.