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Tuesday, May 12, 2009

Canara Robeco MF revises exit load for SIP & STP in various schemes

With effect from 12 May 2009

Canara Robeco Mutual Fund has approved changes in exit load structure for Systematic Investment Plan (SIP) / Systematic Transfer Plans (STPs) in various schemes with effect from 12 May 2009. These schemes include Canara Robeco Infrastructure Fund, Canara Robeco Emerging Equities Fund, Canara Robeco Equity Diversified Fund, and Canara Robeco Balance Fund.

The fund house has revised the exit load to 1% if redeemed within 2 years from the date of allotment and nil if redeemed after 2 years from the date of allotment.

Before revision, the scheme levied 1% for exit within 1 year from the date of allotment and nil if exited after 1 year from the date of allotment.

The fund house has not changed entry load for SIP/ STPs for above mentioned schemes i.e. 2.25% entry load is unchanged.

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