BlackRock Government Securities Fund - Jan 13, 2009

DSP BlackRock Mutual Fund has announced the revision of exit load of DSP BlackRock Government Securities Fund - Plan A and the changes are effective on a prospective basis for all the investments made on or after January 15, 2009.

However, as per revision, 1% will be the exit load for application amount less than Rs 50 lakh and exits within 6 months from the date of allotment, while on the other hand, no exit load will be applicable for redemption after 6 months. In line with this, no exit load will be charged for investment amount greater than or equal to Rs 50 lakh.

Presently, it does not charge exit load.

Bharti AXA MF Plans To Launch Government Securities Fund - Jan 8, 2009

Bharti AXA MF plans to launch open-ended government securities fund, which will endeavour to generate reasonable returns from a portfolio of Government Securities.

However, the scheme will offer two plans- regular and institutional options and both the options will offer- Growth option for capital appreciation along with the Dividend Reinvestment Option for regular income (with monthly, quarterly and Half - Yearly frequency of dividend re-investment) as well as the Dividend Pay-out Option for regular income (with monthly, quarterly and Half - Yearly frequency of dividend pay-out).

The scheme may invest its entire in government corpus in government securities guaranteed by the central government and/or any state government(s) repos/ reverse repos /CBOL /T-Bills and/or other similar instruments, as may be permitted form time to time.