ABN Amro Mutual Fund has announced the revision under the institutional plus plan of ABN Amro Short Term Income Fund. The changes will be effective from 21 October 2008. According to the notice the fund house has announced to revise the minimum application amount under institutional plus plan from Rs 10 crore to Rs 5 crore. The fund house has also announced revision in exit load structure.
According to the proposed revision the fund will charge an exit load of 0.15% if the units are redeemed switched out within 90 days from the date of investment. As per the existing the provision the scheme charge an exit load of 0.25% if the investment is redeemed within 15 days from the date of investment.
According to the proposed revision the fund will charge an exit load of 0.15% if the units are redeemed switched out within 90 days from the date of investment. As per the existing the provision the scheme charge an exit load of 0.25% if the investment is redeemed within 15 days from the date of investment.
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