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Wednesday, August 05, 2009

Religare MF Announces Change in Load Structure for Various Schemes

With effect from 7 August 2009

Religare Mutual Fund has announced changes in entry and exit load structure for the following schemes, with effect from 7 August 2009 For transactions other than Systematic Investment Plan / Systematic Transfer Plan:

Religare Equity Fund, Religare Contra Fund, Religare Growth Fund, Religare Banking Fund – Retail Plan and Religare AGILE Fund:

Entry Load: There is no change. The entry load will remain nil.

Exit Load: Accordingly, in respect of each purchase/switch-in of unit less than Rs 5 crore in value, an exit load of 1% is payable, if units are redeemed/switched-out on or before 3 years from date of allotment.

In respect of each purchase/switch-in of unit less than Rs 5 crore in value, no exit load is payable, if units are redeemed/switched-out after 3 years from date of allotment.

In respect of each purchase/switch-in of units equal to or greater than Rs 5 crore in value, no exit load will be charged.

For investments through Systematic Investment Plan:

Religare Equity Fund, Religare Contra Fund, Religare Growth Fund, Religare Banking Fund – Retail Plan and Religare AGILE Fund:

Entry Load: There no change. The entry load will remain nil.

Exit Load: Accordingly, in respect of each SIP installment less than Rs 5 crore in value, an exit load of 1% wil be charged, if units are redeemed/switched-out on or before 3 years from date of allotment.

In respect of each SIP installment less than Rs 5 crore in value, no exit load is payable, if units are redeemed/switched-out after 3 years from the date of allotment.

In respect of each SIP installment equal to or greater than Rs 5 crore in value, no exit load is payable.

For investments through Systematic Transfer Plan:

Religare Equity Fund, Religare Contra Fund, Religare Growth Fund, Religare Banking Fund – Retail Plan and Religare AGILE Fund:

Entry Load: There no change. The entry load will remain nil.

Exit Load: Accordingly, in respect of each investment through STP less than Rs 5 crore, an exit load of 1% will be charged if units redeemed/switched-out on or before 3 years from date of allotment.

In respect of each investment through STP less than Rs 5 crore, no exit load is payable, if units are redeemed/switched-out after 3 years from the date of allotment.

In respect of each investment through STP equal to or greater than Rs 5 crore, no exit load will be charged.

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