LIC Mutual Fund noticed that it would not charge entry load on investments made in LICMF Index Fund-Sensex Plan, Nifty Plan, and Sensex Advantage Plan. However, those exiting the fund within 180 days of investment would have to pay an exit fee of 0.5%. Earlier, the scheme charged 2.25% entry load on investments of less than Rs 1 crore and no entry load was being charged for investment of above Rs 1 crore. The fund house managed assets worth about Rs 13387.39 crore at the end of January 2008.
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