With effect from 12 May 2009
Canara Robeco Mutual Fund has announced changes in exit load structure of Canara Robeco Income Fund with effect from 12 May 2009.
The fund house has revised the exit load for investments of less than Rs 1 crore to 0.50% if exit within 6 months from the date of allotment while no exit load will be applicable for investment of Rs 1 crore and above.
Before revision, the scheme levied 1.00% for exit within 1 year from the date of allotment.
Canara Robeco Income Fund launched in August 2002 seeks to generate income through investment in debt and money market securities of different maturities and issuers of different risk profile.