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Monday, August 24, 2009

Reliance MF Revises Exit Load for Various Schemes

With effect from 24 August 2009

Reliance Mutual Fund has decided to revise exit load structure for Reliance Growth Fund, Reliance Vision Fund, Reliance Equity Opportunities Fund, Reliance Equity fund, Reliance Natural Resources Fund, Reliance Equity Advantag.e Fund, Reliance Diversified Power Sector Fund, Reliance Banking Fund, Reliance Infrastructure Fund, Reliance Regular Saving Fund – Equity Option, Reliance Pharma Fund, Reliance Media & Entertainment Fund, Reliance Regular Savings Fund – Balanced Option and Reliance NRI Equity Fund Option. It also includes Systematic Investment Plan (SIP), Systematic Withdrawl Plan (SWP) and Systematic Transfer Plan (STP). The change will take effect from 24 August 2009.

Revised Exit Load structure:

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

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