SBI Mutual Fund has revised the load structure of Magnum index Fund.
At present the scheme charges an entry load of 1.25% if the amount
invested is less than Rs 5 million. No entry load is charged on the
investment above Rs 5 million.
As per the revision, from Apr. 28, 2008, the scheme will charge an
entry load of 0.50% on the investment less than Rs 5 million. No entry
load is charged on the investment above Rs 5 million.
The above changes will be applicable to the investors who invest in
the above scheme with effect from April 28 and not to the existing
investors on the amount already invested by them.
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