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Load Revision in Kotak Bond Fund

Kotak Mutual Fund has revised the exit load structure for the Short Term Plan under Kotak Bond Fund. From today onwards, the fund will start charging an exit load of 1% for investment upto Rs.2 crores if redemption is made within 6 months and 0.50% for investment upto Rs.2 crores and units are redeemed after 6 months but within 1 year.

While, no change is being made in entry load structure. It continues to remains Nil.