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Friday, March 13, 2009

Canara Robeco MF modifies load structure

With effect from 21 March 2009

Canara Robeco Mutual Fund has announced changes in load structure of the schemes- Canara Robeco Income Fund and Canara Robeco Nifty Index, with effect from 21 March 2009.

Canara Robeco Income Fund

Existing Provision:

Entry load: nil

Exit load: 1% if redeemed within six months from the date of allotment (for all investments)

Proposed Provision:

Entry load: nil

Exit load: 1% if redeemed within twelve months from the date of allotment (for all investments)

Canara Robeco Nifty Index

Existing Provision:

Entry load: 1.00% for investments of less than Rs 10 lakh and nil for investments equal to Rs 10 lakh and above.

Exit load: Nil

Proposed Provision:

Entry load: 1.00% for investments of less than Rs 10 lakh and nil for investments equal to Rs 10 lakh and above.

Exit load: 1.00% for all investments for exit within 15 days from the date of allotment

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