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Monday, February 02, 2009

LIC MF announces change in Load structure

With effect from 02 February 2009

LIC Mutual Fund has announced the change in the load structure of LIC MF Index Fund for all the three plans viz. Sensex Plan, Nifty Plan and Sensex Advantage Plan, with effect from 02 February 2009.

Accordingly, the scheme will charge an entry load of 2.25% for the application size upto Rs 1 crore and no exit load will be charged. The scheme will charge neither entry load nor exit load for the application size greater than Rs 1 crore.

Earlier, the scheme was charging an entry load of 2.25% for the application size upto Rs 1 crore and there was no exit load. And the scheme was charging an entry load of 1% for the application size greater than Rs 1 crore and no exit load was levied.

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