Reliance MF Introduces Exit Load In Four Equity Funds

Reliance Mutual Fund has introduced exit load structure in its four equity funds: Reliance Growth Fund, Reliance Vision Fund, Reliance Equity Fund and Reliance Equity Opportunities Fund. From 21 May 2007 onwards, these funds will charge an exit load of 1% for investment amount less than Rs.5 crore if redeemed/switched on or before completion of 6 months from the date of allotment; and 0.50% for investment amount less than Rs.5 crore if redeemed/switched between 6 months 1 day and before completion of 1 year from the date of allotment.