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Monday, June 01, 2009

Tata Index Fund SENSEX/ NIFTY Plan revises exit load

With effect from 1 June 2009

Tata Mutual Fund has announced the revision of exit load of Tata Index Fund SENSEX/ NIFTY Plan- Option A and Option B, an open-ended index linked equity fund with effect from 1 June 2009.

Accordingly,

Tata Index Fund SENSEX/ NIFTY Plan- Option A

Option A will charge 4% exit load if redeemed on or before 90 days from the date of allotment instead of existing 1% exit load for redemptions before 365 days from the date of allotment. .

Tata Index Fund SENSEX/ NIFTY Plan-Option B

The fund will ask exit load of 4% if investment units get redeemed on or before 90 days from the date of allotment from existing 0.25% load for exit done within 90 days from the date of allotment.

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