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Tuesday, January 13, 2009

DSP BR MF revises exit load for its Saving Plus Fund

With effect from 15 January 2009

DSP BlackRock Mutual Fund has announced the revision of exit load of DSP BlackRock Savings Plus Fund -Conservative. The changes are effective on a prospective basis for all the investments made on or after 15 January 2009.

AS per revision, for application amount less than Rs 50 lakh and exits within 12 months from the date of allotment, 1% will be the exit load while for redemption after 12 months no exit load will be applicable. For investment amount greater than or equal to Rs 50 lakh, no exit load will be charged.

Presently, for investment amount less than Rs 5 crore it charges 0.50% if redeemed/switched-out within 6 months from the date of investment and no exit load for redemption done on or after 6 months. For the investment amount more than or equal to Rs 5 crore there is no exit load.

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