SBI Mutual Fund has announced change in load structure for Magnum Balanced Fund and Magnum Equity Fund with effect from 18 May 2009. Change in load structure of the schemes except Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP).
Investment below Rs 5 crore: 2.25%, Investment Rs 5 crore and above: Nil
Revised entry load: Nil
Existing exit load: For investment below Rs 5 crore and exit within 6 months from the date of allotment: 1%
For investment below Rs 5 crore and exit between 6 months and 12 months from the date of allotment: 0.5%
For investment Rs 5 crore and above: Nil
Revised exit load: For investment below Rs 5 crore and exit within 6 months from the date of allotment: 1.5%
For investment below Rs 5 crore and exit on or after 6 months but before 12 months from the date of allotment: 1%
For investment below Rs 5 crore and exit on or after 12 months: Nil
For investment Rs 5 crore and above: Nil
The load structure applicable for investment in the schemes through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) remain unchanged as:
Entry load: Nil
Exit load: For investment below Rs 5 crore and exit within 6 months from the date of allotment: 1%
For investment below Rs 5 crore and exit between 6 months and 12 months: 0.5%
For investment Rs 5 crore and above: Nil
Magnum Balanced Fund is an open ended balanced scheme with an investment objective to provide investors long term capital appreciation along with liquidity of an open ended scheme by investing in a mix of debt and equity.
The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt.
Magnum Equity Fund is an open ended equity scheme with an investment objective to provide investors long term capital appreciation by investing in high growth companies along with the liquidity of an open ended scheme through investments primarily in equities and the balance in debt and money market instruments.
Investment below Rs 5 crore: 2.25%, Investment Rs 5 crore and above: Nil
Revised entry load: Nil
Existing exit load: For investment below Rs 5 crore and exit within 6 months from the date of allotment: 1%
For investment below Rs 5 crore and exit between 6 months and 12 months from the date of allotment: 0.5%
For investment Rs 5 crore and above: Nil
Revised exit load: For investment below Rs 5 crore and exit within 6 months from the date of allotment: 1.5%
For investment below Rs 5 crore and exit on or after 6 months but before 12 months from the date of allotment: 1%
For investment below Rs 5 crore and exit on or after 12 months: Nil
For investment Rs 5 crore and above: Nil
The load structure applicable for investment in the schemes through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) remain unchanged as:
Entry load: Nil
Exit load: For investment below Rs 5 crore and exit within 6 months from the date of allotment: 1%
For investment below Rs 5 crore and exit between 6 months and 12 months: 0.5%
For investment Rs 5 crore and above: Nil
Magnum Balanced Fund is an open ended balanced scheme with an investment objective to provide investors long term capital appreciation along with liquidity of an open ended scheme by investing in a mix of debt and equity.
The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt.
Magnum Equity Fund is an open ended equity scheme with an investment objective to provide investors long term capital appreciation by investing in high growth companies along with the liquidity of an open ended scheme through investments primarily in equities and the balance in debt and money market instruments.
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