SBI Mutual Fund has decided to revise the exit load structure under SBI Short Horizon Debt fund - Short Term Fund, SBI Magnum Income Fund - Floating Rate Plan - Long Term Plan and SBI Magnum Income Fund, with effect from 1 June 2012. The revised exit load structure is as follows.
SBI Short Horizon Debt Fund - Short Term Fund:
For exit within 3 months from the date of the allotment, the exit load charge will be 0.25%. For exit after 3 months from the date of the allotment, the exit load charge will be Nil.
SBI Magnum Income Fund - Floating Rate Plan - Long Term Plan:
For exit within 1 year from the date of the allotment, the exit load charge will be 0.50%. For exit after 1 year from the date of the allotment, the exit load charge will be Nil.
SBI Magnum Income Fund:
For exit within 1 year from the date of the allotment, the exit load charge will be 1%. For exit after 1 year from the date of the allotment, the exit load charge will be Nil.
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