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Reliance MF introduces Exit Load in its Four Equity Funds


Reliance Mutual Fund has decided to introduce exit load structure in its four equity funds: Reliance Growth Fund, Reliance Vision Fund, Reliance Equity Fund and Reliance Equity Opportunities Fund.

From 21st May 2007 onwards, these funds will charge an exit load of 1% for investment amount less than Rs.5 crores if redeemed within 6 months and 0.50% for investment amount less than Rs.5 crores if investment is redeemed after 6 months but before 1 year.