Business Daily from THE HINDU group of publications
Sunday, Jan 04, 2009
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Business Daily from THE HINDU group of publications Sunday, Jan 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Investment World
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Mutual Funds Markets - Mutual Funds Lotus India Mutual Fund has notified changes in the load structure for the following schemes Lotus India Contra, Lotus India Agile, Lotus India Equity, Lotus India Growth and Lotus India Banking with effect from January 2. The fund will charge an entry load of 2.25 per cent for the investments less than Rs 5 crore and for all SIPs and STPs it will charge the same percentage as entry load. The fund will charge an exit load of one per cent for the investments less than Rs 5 crore and 0.50 per cent for redemption after 6 months but within one year. For Investments through SIP and STP there will be an exit load of one per cent for redemption within 12 months from the date of investment.
Reliance Mutual Fund has announced change in its key personnel. The present CEO of Reliance Capital Asset Management, Mr Vikrant Gugani, has moved to Reliance Capital as CEO and will be responsible for International Business. Mr Sundeep Sikka, Deputy CEO, Reliance Capital AMC, will replace him. More Stories on : Mutual Funds | Mutual Funds
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