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Apr 23, 2012, 02.29 PM IST

SBI Magnum Income Floating Rate Plan-LTP revises exit load

SBI Mutual Fund has revised the exit load under SBI Magnum Income Fund - Floating Rate Plan - Long Term Plan, with effect 23 April 2012

Source: Moneycontrol.com
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SBI Mutual Fund has revised the exit load under SBI Magnum Income Fund - Floating Rate Plan - Long Term Plan, with effect 23 April 2012. Accordingly, the revised exit load will be 0.75% for exit within 1 year from the date of allotment and nil for exit after 1 year from the date of allotment.


SBI Magnum Income Fund - Floating Rate Plan - Long Term Plan is an open-ended debt scheme. The objective of the scheme endeavour to mitigate interest rate risk and seek to generate regular income along with opportunities for capital appreciation through a portfolio investing in Floating Rate debt securities, fixed rate securities derivative instruments as well as in Money Market instruments.


Tags: SBI Mutual Fund , exit load, SBI Magnum Income Fund - Floating Rate Plan - Long Term Plan
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