Magnum Index Fund Revises Exit Load Structure - Dec 22, 2008

SBI Mutual Fund has revised the exit load structure for Magnum Index Fund. The changes are to be done with effect from 22 December 2008. Consequently, the Magnum Index Fund will ask load of 1.00% of applicable NAV if the investment is redeemed within 7 business days from the date of investment. Before the revision, the scheme was not charging an exit load. Magnum Index Fund is an index scheme with an investment objective of tracking the S&P CNX Nifty Index with minimum tracking error.