Saturday, August 1, 2009

Edelweiss Mutual Fund Announces Change In Load Structure - August 01, 2009

Edelweiss Mutual Fund has announced change in exit and entry load for its new Plan A, Plan B and Plan C in Edelweiss Nifty Enhancer Fund, with effect from 1 August 2009. Entry Load: The entry load will be nil for Plan A, Plan B and Plan C. Exit Load: For Plan A, an exit load of 1.00% will be charged upto 365 days, from 365 days upto 1095 days, the exit load charge will be 0.75% and the exit load will be nil for 1096 days and above.

For Plan B, an exit load of 1.00% will be charged upto 180 days, from 181days upto 365 days, the exit load charge will be 0.50% and the exit load will be nil for 365 days and above.

For Plan C, an exit load of 1.00% will be charged upto 180 days, from 181days upto 365 days, the exit load charge will be 0.75%, from 366 days upto 545 days, the exit load charge will be 0.50%, from 546 days upto 730 days, the exit load charge will be 0.25% and nil for 366 days and above.

Expiry day trigger load: For Plan A, 0.50% will be charged upto 1095 days and the charge will be nil for 1096 days and above.

For Plan B, 0.50% will be charged upto 180 days and the charge will be nil for 181 days and above.

For Plan C, 0.50% will be charged upto 365 days and the charge will be nil for 366 days and above.

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