Financial Daily from THE HINDU group of publications
Friday, Mar 15, 2002
Financial Daily from THE HINDU group of publications Friday, Mar 15, 2002 |
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Markets
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Mutual Funds Free entry, exit for First MF schemes Our Bureau
KOLKATA, March 14 FIRST India MF has announced a no-load offer for two of its schemes - First India Income Fund and First India Gilt Fund - to be valid till March 31. For investors in the income fund, which has been rated `AAAf' by Crisil, the offer does away with the exit load of 0.5 per cent for redemption within six months for investments up to Rs 10 lakh, and 0.25 per cent for redemption within three months for investments more than Rs 10 lakh, according to a statement issued by the fund. For gilt fund, it sets aside the 0.5 per cent load for redemption within three months for investments up to Rs 10 lakh.
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