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Thursday, July 30, 2009

Escorts MF modifies exit load structure in various funds

With effect from 1 August 2009

Escorts Mutual Fund has proposed to revise exit load structure of various funds with effect from 1 August 2009.

Escorts Growth Plan, Escorts High Yield Equity Plan, Escorts Leading Sectors Fund, Escorts Power & Energy Fund, Escorts Balanced Fund:

These funds will charge an exit load of 1% if redemption done on or before 2 years from the date of allotment while no exit load will be levied for redemption made after 2 years from the date of allotment.

Escorts Opportunities Fund:

This fund will charge exit load of 1% if redemptions done within 2 years from the date of allotment, 0.50% for redemption after 2 years but on or before 3 years from the date of allotment. The scheme will not ask exit load if exit after 3 years.

Escorts Income Plan, Escorts Income Bond, and Escorts Gilt Plan:

These schemes will impose 0.50% exit load if investment units gets redeemed on or before 6 months from the date of allotment and no exit load for exit after 6 months from the date of allotment.

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