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Friday, July 31, 2009

Tata MF Revises Load Structure in Various schemes

With effect from 1 August 2009

Tata Mutual Fund has decided to revise the entry and exit load for various schemes with effect from 1 August 2009

The fund house has decided to revise the exit load for Tata Select Equity Fund (TSEF), Tata Life Sciences & Technology Fund (TLSRF), Tata Growth Fund (TGF), Tata Equity P/E Fund (TEQPEF), Tata Dividend Yield Fund (TDYF), Tata Service Industries Fund (TSIF), Tata Balanced Fund (TBF), Tata Mid Cap Fund (TMCF), Tata Contra Fund (TCF), Tata Infrastructure Fund (TISF), Tata Pure Equity Fund (TPEF), Tata Equity Opportunities Fund (TEOF), Tata Equity Management Fund (TEMF), Tata Growing Economies Infrastructure Fund (TGEIF).

Revised 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.

Revised Exit Load:

The fund house has decided to revise the exit load for Tata Select Equity Fund, Tata Life Sciences & Technology Fund , Tata Growth Fund , Tata Equity P/E Fund , Tata Dividend Yield Fund , Tata Service Industries Fund , Tata Balanced Fund , Tata Mid Cap Fund , Tata Contra Fund , Tata Infrastructure Fund , Tata Pure Equity Fund , Tata Equity Opportunities Fund , Tata Equity Management Fund , Tata Growing Economies Infrastructure Fund .

For investment amount less than Rs 5 crore: The schemes will charge an exit load of 1 %, if redeemed on or before expiry of 36 months from the date of allotment.

If redeemed on or after expiry of 36 months from the date of allotment, the exit load is Nil

For investment amount greater than or equal to Rs 5 crore, the exit load is Nil

The above exit load will be applicable in respect of investment by way of fresh purchase / additional purchase / switch-in accepted by the Fund with respect to applications for registrations under systematic investment plans / systematic transfer plans accepted by the fund.

There is no change in the entry as well as exit load structure respect to applications for registrations under systematic investment plans / systematic transfer plans

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