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Friday, July 31, 2009

Reliance NRI Equity Fund modifies exit load

With effect from 1 August 2009

Reliance Mutual Fund has decided to revise exit load structure for Reliance NRI Equity Fund, with effect from 1 August 2009

For subscriptions of less than Rs 5 crore, exit load will be 1% of the applicable NAV, if redeemed or switched out on or before completion of 3 years from the date of allotment of unit. If redeemed or switched out after the completion of 3 years from the date of allotment of units, exit load charge will be Nil.

For subscriptions of Rs 5 crore and above, exit load charge is 1% of the applicable NAV, if redeemed or switched out on or before completion of 10 days from the date of allotment of units. There shall be no exit load after completion of 10 days from the date of allotment of units.

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