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Wednesday, March 18, 2009

SBI MF revises exit load of Short Horizon Fund

With effect from 19 March 2009

SBI Mutual Fund has proposed to revise the exit load structure of SBI Short Horizon Fund- Short Term Fund – Retail Plan with effect from 19 March 2009.

Accordingly, exit load wil be 0.50% for the exit within 1 month form the date of allotment and nil for exit after 1 month from the date of allotment.

Presently, the scheme charges 0.50% for exit within 3 months from the date of investments, 0.25% for exit after 3 months but before 6 months from the date of investments and nil for exit above 6 months.

SBI Short Horizon Fund- Short Term Fund is an open ended income scheme. The investment objective is to provide investors with an opportunity to generate regular income through investments in a portfolio comprising of debt instruments which are rated not below investment grade by a credit rating agency and money market instruments.

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