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Taurus Mutual Fund has revised the entry load under Taurus Tax Shield. With effect from November 17, an entry load of 2.5 per cent will be charged against the existing 2.25 per cent. Fortis Mutual Fund (formerly ABN AMRO) has modified the load structures for Fortis Flexi Debt Fund and Fortis Bond Fund. There will be no entry load, but an exit load, for subscription of value up to Rs 3 crore, CDSC (contingent deferred sales charge) of 1 per cent is applicable if units are redeemed within 12 months.

UTI Mutual Fund has effected a change in entry load with effect from November 10 for UTI Master Index Fund and UTI Nifty Fund. An exit load of one per cent will be charged for investments of less than Rs 10 lakh if the units are redeemed on or before 180 days. For investments over Rs 10 lakh, there would be an exit load of one per cent if redeemed on or before seven days.

SEBI has granted in-principle approval to DLF Pramerica Mutual Fund to set up mutual fund business in the country. DLF Pramerica Asset Management Company is a joint venture between US-based Prudential Financial (PFI) and realty major DLF in 61:39 proportions.

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