ABN AMRO MF Merged Its Two Schemes

ABN AMRO mutual fund has merged ABN AMRO Dividend Yield Fund and ABN AMRO Opportunity Fund. ABN AMRO Dividend Yield Fund will cease to exist with effect from 10 February 2008.

With this merger the fund house has revised its load structure for ABN AMRO Opportunity Fund. The scheme will charge an entry load of 2.25% for the investment amount less than Rs 5 crore. There will not be any entry load for the investment amount equal to or above Rs 5 crore.

The fund house will charge a Contingent Deferred Sales Charge (CDSC) of 1.00% for the investment less than Rs 5 crore and if its redeemed before the 6 month from the allotment. There will not be any CDSC for the investment more than Rs 5 crore but less than Rs 10 crore. However there will be an CDSC of 1.00% for the investment more than Rs 10 crore and if if its redeemed before the 6 month from the allotment.