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Wednesday, April 29, 2009

Benchmark MF revises exit load Structure

With effect from 4 May 2009

Benchmark Mutual Fund has approved revision in the exit load structure under Benchmark Equity & derivative opportunities Fund, with effect from 4 May 2009.

Accordingly, the scheme will charge an exit load of 0.75% if the units are redeemed within 3 months from the date of allotment. 0.50% will be charged if units are redeemed after 3 months but within 6 months from the date of allotment, 0.25%, if the units are redeemed after 6 months but within 9 months from the date of allotment. The scheme will not charge any exit if the units are redeemed after 9 months from the date of allotment.

Benchmark Equity & derivative opportunities Fund is an open ended equity scheme to provide absolute returns by taking advantage of opportunities in the underlying cash and derivative markets, and through deployment of surplus cash in fixed income securities.

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