Kotak Mutual Revises Load Structure

Kotak Mutual Fund has revised the load structure under Kotak Bond Short Term Fund and Kotak Equity Arbitrage Fund with effect from October 4, 2007. From now onwards Kotak Bond Short Term fund would not charge any entry nor exit load. While, Kotak Equity Arbitrage Fund would charge an exit load of 0.60% for investment less than or equal to 50 lakhs if redeemed within 3 months from the date of allotment and 0.50% would be charged for investment less than or equal to 50 lakhs if redeemed after 3 months but within 6 months from the date of allotment. But for investment greater than 50 lakhs an exit load of 0.50% would be charged if redeemed on or before 30 days from the date of allotment. The fund would not be charging any entry load.