DSP BlackRock Mutual Fund has announced the revision of the exit load of DSP BlackRock Bond Fund with effect from January 15, 2009.
However, as per the revision, 1% will be the exit load for application amount less than Rs 50 lakh and exits within 12 months from the date of allotment. While on the other hand, no exit load will be applicable for redemption after 12 months. In line with this, no exit load will be charged for investment amount greater than or equal to Rs 50 lakh.
Presently, it charges 0.50% for investment less than Rs 10 lakh if redeemed/switched-out within 6 months from the date of investment and along with this no exit load for redemption done on or after 6 months. However, for investment amount more than or equal to Rs 10 lakh there is no exit load.
However, as per the revision, 1% will be the exit load for application amount less than Rs 50 lakh and exits within 12 months from the date of allotment. While on the other hand, no exit load will be applicable for redemption after 12 months. In line with this, no exit load will be charged for investment amount greater than or equal to Rs 50 lakh.
Presently, it charges 0.50% for investment less than Rs 10 lakh if redeemed/switched-out within 6 months from the date of investment and along with this no exit load for redemption done on or after 6 months. However, for investment amount more than or equal to Rs 10 lakh there is no exit load.
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