SBI Mutual Fund has revised exit load under its scheme, SBI Blue Chip Fund. As per the revision, scheme will not charge any exit load. Currently, the scheme charges 1 per cent exit load, if units are redeemed within 1 year from the date of allotment. The revision will be effective from 14th July, 2010. SBI Blue Chip Fund is an open ended equity diversified fund, with the investment objective to provide investors with opportunities for long term growth in capital through an active management of investments in a diversified basket of equity stocks of companies whose market capitalization is atleast equal to or more than the least market capitalized stock of BSE 100 index.
|