- Entry
Load :
- In
respect of each Subscription /
Switch - In of Units for an amount
less than Rs. 5 crores in value,
entry load of 2.25% is payable.
- In
respect of each Subscription /
Switch - In of Units for an amount
equal to Rs. 5 crores or more in
value, entry load payable would be
Nil.
- Exit
Load : Nil
- CDSC
:
- In
respect of each Subscription /
Switch - In of Units for an amount
less than Rs. 5 crores in value,
CDSC of 1% is payable if the Units
are redeemed / switched - out within
6 months from the date of such
Subscription / Switch - In.
- In
respect of each Subscription /
Switch - In of Units for an amount
equal to Rs. 5 crores or more in
value, CDSC of 0.5% is payable if
the Units are redeemed / switched -
out within 3 months from the date of
such Subscription / Switch - In.
For the purpose of calculating the Entry
Load each Subscription / Switch-In made into
the scheme(s) will be tracked separately on
first in first out basis.
The above provisions of load structure will
not be applicable for investments by Fund of
Funds (FoF) schemes and investments under
Systematic Investment Plan/ Systematic
Transfer Plan. In view of the same,
provisions notified in terms of an Addendum
dated April 24, 2006 for investment by FoF
schemes and Addendum dated January 27, 2006
for investments under SIP/ STP would
respectively remain applicable for such
cases.
The Scheme will offer for Sale and
Redemption the Units on every Business Day
on an ongoing basis, commencing not later
than 30 days from the closure of New Fund
Offer Period.
Units can be
redeemed (i.e. sold back to the Mutual Fund)
on or Switched out (i.e. to another scheme
of the Mutual Fund or Option(s) offered
within the Scheme, if any)
every Business Day, at the Applicable NAV
subject to applicable Load, if any.
The Units
of the Scheme will not be listed on any
exchange, for the present.
As per the
SEBI Regulations, the Mutual Fund shall
despatch Redemption proceeds within 10
Business Days of receiving the Redemption/
repurchase request. A penal interest of 15%
per annum or such other rate as may be
prescribed by SEBI from time to time, will
be paid in case the Redemption proceeds are
not despatched within 10 Business Days of
the date of Redemption request.
However,
under normal circumstances, the Mutual Fund
will endeavour to despatch the Repurchase
proceeds within 3 Business Days from the
acceptance of the Repurchase request.
