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Monday, August 24, 2009

SBI MF Revises Exit Load Structure

With effect from 24 August 2009

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

SBI Arbitrage Opportunities Fund:

Accordingly, if exited within 7 business days from the date of allotment, an exit load of 0.25 % will be charged. If exited after 7 business days from the date of allotment, the exit load will be Nil.

Magnum Income Fund – Dividend, Growth and Bonus Plan & Magnum Income Fund – Floating Rate Plan:

If exited within 6 months from the date of allotment, an exit load of 0.50% will be charged. If exited after 6 months from the date of allotment, the exit load will be Nil.

Magnum Monthly Income Plan and Magnum Monthly Income Plan-Floater:

If exited within 6 months from the date of allotment, an exit load of 1% will be charged. An exit load of 0.50% will be charged, if exited after 6 months but within 12 months from the date of allotment. If exited after 12 months from the date of allotment, the exit load will be Nil.

Magnum Gilt Fund-Long Term Plan:

If exited within 6 months from the date of allotment, an exit load of 0.50% will be charged. An exit load of 0.25% will be charged, if exited after 6 months but within 12 months from the date of allotment. If exited after 12 months from the date of allotment, the exit load will be Nil.

SBI Short Horizon Debt Fund – Short Term Fund (Retail & Institutional Plan):

The exit load of 0.50% will be charged, if exited within 15 business days from the date of allotment. If exited after 15 business days from the date of allotment, the exit load will be Nil.

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