The Hindu Business Line : Update

Reliance Mutual will charge entry load of 2.25 per cent for FIIs investments less than 2 crore in eight of its equity funds with effect from October 26.

For investments in excess of Rs 2 crore but less than Rs 4 crore,an entry load of 1.25 per cent would be charged. While anything above Rs 5 crore no entry load will be charged.The funds are Reliance Growth, Reliance Diversified Power Sector, Reliance Banking, Reliance Vision, Reliance Pharma, Reliance Equity Opportunities, Reliance Media and Entertainment and Reliance Equity.

SBI Mutual has launched a 60 day debt plan under its debt fund series.. The scheme will be open for initial offer from October 27 to October 31.The fund will invest in debt instruments, government securities and money market instruments. The minimum investments in the fund would be Rs 50, 000. The exit load is 0.50 per cent for redemption before maturity date.

HDFC Mutual Fund has revised the load structure for FIIs investing in HDFC Equity Fund, HDFC Top 200,HDFC Capital Builder, HDFC Growth, HDFC Premier Multi-Cap and HDFC Core & Satellite Fund with effect from October 26.

For all the above funds, an entry load of 2.25 per cent for investment less than Rs 5 crore will be levied. The exit load for HDFC Equity, HDFC Capital Builder and HDFC Premier Multi-Cap remains unchanged. An exit load of 1 per cent is payable if units of HDFC Top 200 and HDFC Core & Satellite are redeemed within one year.

For HDFC Growth, an exit load of 1 per cent would be charged for investment less than Rs 5 crore, if redeemed within one year.

HDFC Mutual Fund has entered into a strategic alliance with Dena Bank for distribution of its mutual fund schemes. Dena Bank will offer the entire bouquet of HDFC Mutual Fund products at its select branches at 150 centers across the country.

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