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Source: media reports

Exit fee on debt fund lowered

Exit fee on debt fund lowered
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First Published: Tue, Jun 05 2007. 11 14 AM IST
Updated: Tue, Jun 05 2007. 11 14 AM IST
Reuters
Mumbai: Birla Sun Life Asset Management Company announced on 5 June that it would charge an exit load of 0.1% on redemption within seven days of one’s making an investment in Birla Bond Plus.
Earlier, the fund charged a 0.25% exit fee on redemptions which were made within a month of investment in the company.
The total valuation of assets which were managed by the fund house amounting to approximately Rs 237 billion at the end of May, according to the data shared by the Association of Mutual Funds in India.
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First Published: Tue, Jun 05 2007. 11 14 AM IST
More Topics: Money Matters | Mutual Funds |