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Saturday, January 03, 2009

DBS Chola MF revises exit load structure

With effect from 6 January 2009

DBS Chola Mutual Fund has announced changes in exit load structure under DBS Chola Triple Ace Fund/DBS Chola Monthly Income Plan, with effect from 6 January 2009.

The fund house has announced that for each purchase application of less than Rs 25 lakh, the scheme will charge an exit load of 0.75% if redeemed on or before 1 year and nil if redeemed after 1 year. For investment amount equal to Rs 25 lakh to less than 1 crore the scheme will charge 0.50% of exit load if redeemed on or before 6 months and nil after six months. And the scheme will not charge any exit load for the investment amount greater than Rs 1 crore.

Earlier it charges, 0.50% for the investment amount less than equal to Rs 10 lakh, if redeemed on or before 6 months and nil for the investment amount greater than Rs 10 lakh.

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