Reliance MF Introduces Exit Load Structure

Reliance mutual fund has announced the introduction of/ change in exit load in the following schemes:

Reliance regular Savings Fund (Equity Option and Balanced Option), Reliance Banking Fund, Reliance Diversified Power Sector Fund-Retail Plan, Reliance Pharma Fund, Reliance Media and Entertainment Fund, Reliance Growth Fund-Retail plan, Reliance Vision Fund-Retail Plan, Reliance Equity Opportunities Fund-Retail Plan, Reliance Equity Fund- Retail Plan and Reliance Equity Advantage Fund-Retail Plan.

According to the revised load structure the fund will charge for subscription of less than Rs 5 crore an exit load of 1% if the investment is redeemed/ switched on or before completion of 1 year from the date of allotment. The schemes should not charge an exit load if investment units are redeemed/ switched after completion of 1 year from the date of allotment. However, the scheme may not charge an exit load for subscription of Rs 5 crore and above.

The aforesaid changes will be effective from 20 February 2008.