Taurus Mutual Fund has announced the following changes in the load structure for investments under Taurus Ethical Fund, Taurus Short Term Bond Fund and Taurus Income Fund, with effect from April 16, 2009.
As per the changes, for investments less than Rs 2 crore, an entry load of 2.25% will be charged while on the other hand, no entry load will be charged for investments greater than or equal to Rs 2 crore. and 2.25% of entry load will be charged for any amount by Systematic Investment Plan (SIP).
However, the scheme will charge an exit load of 1.00% for investment amount less than Rs 2 crore, if redeemed within 6 months and 0.50%, if redeemed after 6 months but before 12 months. For the investment amount greater than Rs 2 crore and less than 5 crore the scheme will charge an exit load of 0.50%, if redeemed within 6 months and nil, if redeemed after six month. And the scheme will not charge any exit load for the investment amount greater than Rs 5 crore.
As per the changes, for investments less than Rs 2 crore, an entry load of 2.25% will be charged while on the other hand, no entry load will be charged for investments greater than or equal to Rs 2 crore. and 2.25% of entry load will be charged for any amount by Systematic Investment Plan (SIP).
However, the scheme will charge an exit load of 1.00% for investment amount less than Rs 2 crore, if redeemed within 6 months and 0.50%, if redeemed after 6 months but before 12 months. For the investment amount greater than Rs 2 crore and less than 5 crore the scheme will charge an exit load of 0.50%, if redeemed within 6 months and nil, if redeemed after six month. And the scheme will not charge any exit load for the investment amount greater than Rs 5 crore.
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