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Monday, August 24, 2009

SBI MF Revises Load Structure For Various Funds

With effect from 24 August 2009

SBI Mutual Fund revises the exit load structure for Magnum Balanced Fund, Magnum Equity Fund, Magnum Multiplier Plus 1993, Magnum Global Fund, Magnum Midcap Fund, Magnum Comma Fund, Magnum Sector Funds Umbrella – Contra, Pharma, FMCG, IT & Emerging Business Fund, Magnum Multicap Fund, SBI Bluechip Fund and Magnum NRI Investment Fund – Flexi asset Plan. It also includes Systematic Investment Plan (SIP) Chota SIP & STP. The change will take effect from 24 August 2009.

Revised Exit Load structure:

Accordingly, if exited within 1 year from the date of allotment, an exit load of 1% will be charged. If exited after 1 year from the date of allotment, the exit load will be Nil.

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