Kotak MF Revises Load Structure

Kotak Mutual Fund has revised the exit load structure for the Short Term Plan under Kotak Bond Fund. The fund will start charging an exit load of 1% from April 25 2007 for investment upto Rs.2 crore if redemption is made within 6 months and 0.50% for investment upto Rs.2 crore and units are redeemed after 6 months but within 1 year. The entry load structure is has not been changed. It continues to remain Nil.