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Kothari Pioneer changes load structure in Debt Funds


Kothari Pioneer Mutual Fund has revised the load structure in the growth options of two debt funds:- Kothari Pioneer Income Builder Account (KP-IBA) and Monthly Income Plan (KP-MIP) . The same comes in effect from July 1, 2001.

Currently growth options of both the schemes do not charge any load on fresh investments in the scheme, but the same if withdrawn within 6 months of investment is subject to an exit load of 0.4 per cent.

Under the new load structure, the entry load remains the same i.e nil, but the withdrawals from the scheme within one year of investment will attract an exit load of 1 per cent in both the cases.