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Thursday, January 15, 2009

Canara Robeco Gilt Fund revises exit load structure

With effect from 16 January 2009

Canara Robeco Mutual Fund has announced changes in exit load structure of Canara Robeco Gilt Fund with effect from 16 January 2009.

The fund house has revised the exit load to 1.00% for investments of less than Rs 10 crore for exit within 6 months from the date of allotment while no exit load will be applicable for investment of Rs 10 crore and above.

Before revision, the scheme levied 1.00% for exit within six months from the date of allotment.

Canara Robeco Gilt Fund launched in December1999, is a gilt fund aims to provide risk free returns (except interest rates risk) and long-term capital appreciation by investing only in government securities.

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