UTI Mutual Fund has announced changes in load structure of UTI -Master Index Fund and UTI-Nifty Index Fund, which will be effective from 10 November 2008.Existing Load Structure: The scheme will not charge any entry load. For investment amount less than Rs 10 lakh, the scheme will charge 1.00% of exit load if the units are redeemed on or before 180 days. For investment amount more than or equal to Rs 10 lakh, the scheme charges 1.00% of exit load for the redemption of units on or before 7 days.
Revised Load Structure: The scheme will not levy any entry load. For investment amount less than Rs 1 crore, the scheme will charge 1.00% of exit load if the units are redeemed on or before 365 days. For investment amount more than or equal to Rs 1 crore, the scheme charges 1.00% of exit load for the redemption of units on or before 7 days.All other features of UTI-Master Index Fund and UTI-Nifty Index Fund will remain unchanged.
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