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Monday, July 06, 2009

Bharti AXA MF Revises Exit Load Structure

With effect from 6 July 2009

Bharti AXA Mutual Fund has announced the change in the exit load structure under regular and eco plan of the Bharti AXA Equity Fund, with effect from 6 July 2009. It also revise the exit load for the investment through SIP/STP.

Regular Plan:

Revised exit load: The scheme will charge an exit of 2.00% for the investment below Rs 5 crore, if redeemed within 1 year from the date of allotment. After one year the exit load will be nil. The scheme will not charge any exit load for the investment amount of Rs 5 core and above.

Current exit load: The scheme will charge an exit of 1.00% for the investment below Rs 5 crore, if redeemed within 6 months from the date of allotment. After six months the exit load will be nil. The scheme will not charge any exit load for the investment amount of Rs 5 core and above.

Eco Plan & Investment through SIP/STP:

Revised exit load: 2.00% of exit load will be levied, if redeemed within 1 year form date of allotment.

Current exit load: 1.00% of exit load will be levied, if redeemed within 6 months form date of allotment.

Bharti AXA Equity Fund is an open ended equity growth fund with an investment objective to generate income and long-term capital appreciation through a diversified portfolio of predominantly equity and equity-related securities including equity derivatives, across all market capitalizations.

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