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SBI Magnum Balanced Fund reduces exit load tenure

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SBI Mutual Fund has revised the exit load of the following schemes, with effect from May 18, 2015:

Scheme NameExisting Exit LoadRevised Exit Load
SBI Magnum Balanced1.5% if redeemed within 18 months1% if redeemed within 12 months
SBI Magnum Global
SBI Magnum Multiplier1% if redeemed within 18 months
SBI Banking & Financial Services2% if redeemed within 12 months
1% if redeemed after 12 months but within 18 months
SBI Dynamic Asset Allocation2% if redeemed within 1year
1% if redeemed after 1 year but within 2 years
SBI Magnum MIP-FloaterCharged over & above redemption of 10% of the units as 1.50% if redeemed within 18 monthsCharged over & above redemption of 10% of the units as 1% if redeemed within 12 months

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The fund house has also decided to launch SBI Debt Fund Series B-18. The scheme will open for subscription from May 21, 2015 to May 25, 2015.

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