SBI MF Revises Load Structure Of Magnum Index Fund

SBI Mutual Fund has revised the load structure of Magnum index Fund. At present the scheme charges an entry load of 1.25% if the amount invested is less than Rs 5 million. No entry load is charged on the investment above Rs 5 million. As per the revision, from 28 April 2008, the scheme will charge an entry load of 0.50% on the investment less than Rs 5 million. No entry load is charged on the investment above Rs 5 million. The above changes will be applicable to the investors who invest in the above scheme with effect from 28 April 2008 and not to the existing investors on the amount already invested by them.