Reliance Revises Exit Load For Two Funds Allotment Of Units - Dec 11, 2008

Reliance Mutual Fund has announced the revision of exit load of Reliance Income Fund and Reliance Monthly Income Plan with effect from 12 December 2008.Revised Exit Load For subscriptions of less than Rs 1 crore per purchase transaction, the scheme will charge 1.00% if redeemed/switch-out on or before completion of 12 months from the date of allotments of units. Nil, if redeemed / switch - out after completion of 12 months from the date of allotment of units.

For subscription of Rs 1 crore and above, the scheme will charge 1.00%, if redeemed/switch - out on or before completion of 1 month from the date of allotments of units. Nil, if redeemed / switch - out after completion of 1 month from the date of allotment of units.Earlier it charges, for the subscription upto Rs 5 lakh, 0.5% if redeemed within 6 months from the date of allotment of units. And for the subscription exceeding Rs 5 lakh, it will charge an exit load of 0.10% if redeemed within 7 working days from the date of allotment of units.

Revised Exit Load: For subscriptions of less than Rs 1 crore per purchase transaction, the scheme will charge 1.00% if redeemed/switch-out on or before completion of 12 months from the date of allotments of units. Nil, if redeemed / switch - out after completion of 12 months from the date of allotment of units.For subscription of Rs 1 crore and above, the scheme will charge 1.00%, if redeemed/switch - out on or before completion of 1 month from the date of allotments of units. Nil, if redeemed / switch - out after completion of 1 month from the date of allotment of units.

Earlier it charges, for the subscription upto Rs 25 lakh, 0.75%, if redeemed/switch-out on or before completion of 3 months from the date of allotment. 0.60% of exit load if redeemed/switch-out between 3 months 1 day and on or before completion of 6 months from the date of allotment. 0.50% of exit load if redeemed/switch-out between 6 months 1 day and on or before completion of 9 months from the date of allotment. And 0.25% of exit load if redeemed/switch-out between 9 months 1 day and on or before completion of 12 months from the date of allotment.For subscriptions of more than Rs 25 lakh, 0.10% of exit load will be levied if redeemed/switch-out within completion of 7 days from the date of allotment of units.