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Tuesday, July 28, 2009

Canara Robeco MF revises load structure

With effect from 1 August 2009

Canara Robeco Mutual fund has decided to revise the entry and exit load structure of all the schemes of the fund house, with effect from 1 August 2009.

Entry Load: Accordingly, no entry load will be charged for purchase/additional purchase/switch-in accepted by the fund. Similarly, no entry load will be charged with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.

The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.

Exit Load: The scheme will charge an exit load up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for payment of commissions to the ARN holders and meet other marketing and selling expenses.

Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme/plan immediately

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