Revision of exit load for Canara Robeco Floating Rate Fund
Canara Robeco Mutual Fund has announced the revision of exit load structure for its Canara Robeco Floating Rate Fund. The changes will be effective from July 19, 2010.
As per these changes, the exit load which remained nil for the scheme has been revised to 0.25% of the applicable Net Asset Value (NAV), if the amount invested is sought to be redeemed/ switched out within 15 days from the date of allotment and nil, if the period is of more than 15 days from the date of allotment.
These changes will be applicable on a prospective basis from the date mentioned above in respect of investments made in the schemes. Meanwhile, all the other terms and conditions of the scheme will remain unchanged.
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Category: Mutualfund News
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