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ABN Amro Asset Management Ltd said on Wednesday it will charge a 1per cent fee for redemption within six months from ABN Amro Equity Fund for initial investments of less than Rs 5 crore.
No fee would be levied if the initial investment was Rs 5 crore or more, it added.
The fund house managed assets worth about Rs 6600 crore at the end of August, data from Association of Mutual Funds in India showed.
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