Tata mutual fund has announced the revision in the exit load structure for Tata Equity P/E Fund.
According to the revised load structure, the fund will charge an exit load for each investment amount less than Rs 2 crore at 1.00% if the investment is redeemed before 6 months from the date of allotment. It will not levy exit load for each investment amount greater than or equal to Rs 2 crore. Before revision of the load structure, the scheme did not ask for any exit load.
There is no change in entry load structure.
The aforesaid changes will be effective from 1 April 2008.
According to the revised load structure, the fund will charge an exit load for each investment amount less than Rs 2 crore at 1.00% if the investment is redeemed before 6 months from the date of allotment. It will not levy exit load for each investment amount greater than or equal to Rs 2 crore. Before revision of the load structure, the scheme did not ask for any exit load.
There is no change in entry load structure.
The aforesaid changes will be effective from 1 April 2008.
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