Business Daily from THE HINDU group of publications
Sunday, Oct 19, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Oct 19, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Investment World
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Mutual Funds Markets - Mutual Funds ABN AMRO asset Management company has been acquired by Fortis Investment Management following the global restructuring of ABN AMRO. Unit holders who have an objection to this change can redeem their units any time from October 10 to November 9 without any exit load. However, exit option is not available to unit holders who have not completed the statutory three-year lock-in period in tax saving plans. UTI Mutual fund has declared dividend a dividend of 22 per cent under its scheme UTI Mastershare. The record date for the same is October 23. UTI Mutual Fund has revised the load structure of UTI- Gold Exchange traded Fund. Currently, the fund does not charge any entry or exit load but from 17 October onwards the fund would start charging an exit load of 2 per cent. Birla Sun Life Mutual Fund has announced change in load structure in respect of systematic investment plan and systematic transfer plan for the following schemes with effect from October 20. Birla Sun Life Equity Fund, Birla Sun Life Infrastructure, Birla Sun Life 95 and Birla Sun Life Special Situation. As per the revised structure for purchase or switch- in of units an entry load of 2.25 per cent will be charged. For units redeemed or switched out within 24 months from the date of allotment, an exit load of 2.25 per cent will be applicable. More Stories on : Mutual Funds | Mutual Funds
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