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Monday, August 24, 2009

Reliance MF Revises Exit Load for Various Funds

With effect from 24 August 2009

Reliance Mutual Fund has decided to revise exit load structure for the following schemes, with effect from 24 August 2009.

Reliance Quant Plus Fund - Retail & Institutional Plan:

Accordingly, if redeemed or switched out on or before 15 days from the date allotment of units, an exit load of 1% will be charged of the applicable NAV. If redeemed or switched out after completion of 15 days from the date of allotment of units, the exit load will be Nil.

Reliance Gilt Securities Fund – Retail & Institutional Plan: The exit load will be Nil.

Reliance NRI Income Fund:

The exit load of 1% will be charged, if the units are redeemed within 6 months from the date of allotment. If the units are redeemed after 6 months from the date of allotment, the exit load will be Nil.

Reliance Income Fund:

The exit load of 1% will be charged of the applicable NAV, if redeemed or switched out on before completion of 30 days from the date of allotment of units. If redeemed or switched after 30 days from the date of allotment of units, the exit load will be Nil.

Reliance Monthly Income Fund:

If the units are redeemed / switched out on or before completion of 1 year from the date of allotment, the exit load of 1% will be charged. If redeemed / switched out after completion of 1 year from the date of allotment of units, the exit load will be Nil.

The exit load including Systematic Investment Plan, Systematic Withdrawl Plan and Systematic Transfer Plan

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