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ABN
AMRO Tax Advantage Plan Fund Listing & Guide |
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ABN AMRO Tax Advantage Plan Fund
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Open Ended
Equity Linked Tax Saving Scheme with no assured returns.
The
investment in the Scheme shall be locked in for a period of 3
years from the date of allotment.
The AMC reserves the right to change the Lock in period
prospectively from time to time as may be permitted under the
regulations, notification of the Government for the Equity
Linked Tax Savings Scheme.
The
Scheme offers Growth Option and Dividend Option.
The Dividend Option offers Dividend Payout and Dividend
Re-investment facilities.
Investment Objective - The
investment objective of the Scheme is to generate long-term
capital growth from a diversified and actively managed portfolio
of equity and equity related securities along with income tax
rebate, as may be prevalent from time to time.
However, there can be no assurance that the investment objective
of the Scheme will be achieved. The Scheme does not guarantee /
indicate any returns.
Growth
& Dividend Options
A minimum of Rs. 500 per application and in multiples of Rs. 500
thereafter. There is no upper limit.
Note: Minimum amount of investment
(including switch-in) into AATAP is Rs.500/- & in multiples of
Rs.500/- thereafter. Hence, any subscription / switch-in request
received for an amount / value of units not in multiples of
Rs.500/- shall be deemed as a request for an amount which is
equal to the nearest lower multiple of Rs.500/- and the balance
amount shall be refunded in case of subscriptions and in case of
switch-ins, this amount shall remain in the respective source
Scheme(s). |
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Entry Load :
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In respect of
each Subscription/ Switch-In* of
Units for an amount less than Rs. 5
crores in value, an entry load of
2.25% is payable.
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In respect of
each Subscription/ Switch-In* of
Units for an amount equal to Rs. 5
crores or more in value, no entry
load would be payable.
* No entry load is
payable for Switch - In from other equity
scheme(s) ofABN AMRO Mutual Fund.
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There is no Exit
Load or CDSC**
** The investment in
the Scheme shall be locked in for a period
of 3 years from the date of allotment.
For Units purchased
after the closure of the New Fund Offer
Period, Entry and / or Exit Loads and / or
any other Load may be imposed / modified
prospectively as may be decided by the
Trustee / AMC from time to time.
The Scheme is open
for continuous redemption subject to the
completion of a lock-in period of 3 years
from the date of allotment. Accordingly, the
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, on
expiry of lock in period of three years from
the date of allotment.
As per the SEBI Regulations, the Mutual Fund
shall dispatch Redemption proceeds within 10
Business Days from the date of acceptance of
the Redemption 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 made within 10 Business Days of the date
of acceptance of the Redemption request.
However, under normal circumstances, the
Mutual Fund will Endeavour to dispatch the
Redemption proceeds within 3 Business Days
from the date of acceptance of the
Redemption request. |
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