Tata MF Revises Exit Load Structure For Its Four Schemes - Dec 15, 2008

Tata Mutual Fund has announced the revision of an exit load of below mentioned schemes. The changes will be applicable for subscription through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) The change will be in force from 17 December 2008.Accordingly,Tata Floater Fund.The fund house has decided to charge an exit load for amount less than or equal to Rs 5 lakh at 0.50% if investments get redeemed before expiry of 30 days from the date of allotment.

Amount greater than or equal to Rs 5 lakh, there will be no exit load.Existing exit load is nil.Tata Monthly Income Plan (MIP) Plus Fund, Tata Income Fund and Tata MIP Fund.For investment amount up to Rs 25 lakh, 1% load will be charged if redemption done on or before expiry of 365 days from the date allotment. For investment amount greater than Rs 25 lakh but less than Rs 1 crore, 0.50% will be exit load if redeemed on or before expiry of 365 days from the date of allotment. No exit load will be applicable for investment amount greater than Rs 1 crore.