Canara Robeco MF Changes Exit Load - Jan 16, 2009

Canara Robeco Mutual Fund has announced changes in exit load structure of Canara Robeco Gilt Fund with effect from January 16, 2009. For investments of less than Rs 10 crore, the fund house has revised the exit load to 1.00% for exit within 6 months from the date of allotment while there will be no exit load for investment of Rs 10 crore and above. However, earlier, the scheme levied 1.00% for exit within six months from the date of allotment.

Canara Robeco Gilt Fund, which was launched in December1999, is a gilt fund that aims to provide risk free returns (except interest rates risk) and long-term capital appreciation by investing only in government securities.