Revision of Exit Load

FRANKLIN TEMPLETON MF REVISES EXIT LOAD STRUCTURE UNDER ITS SCHEMES (ON JUN 30 , 2010)

Franklin Templeton Mutual Fund has planned to revise the exit load structure under its schemes, Templeton India Ultra short Bond Fund and Templeton Floating Rate Income Fund - Long Term Plan. As per the revision, Templeton India Ultra-short Bond Fund will not charge any exit load and Templeton Floating Rate Income Fund - Long Term Plan will charge an exit load of 0.25 per cent if the investments are redeemed within 30 days from the date of allotment. The revision is effect from 30th June, 2010. Both the schemes are managed by Mr. Sachin Padwal-Desai & Mr. Pallab Roy and benchmarked against CRISIL Liquid Fund Index. HDFC MUTUAL FUND REVISES EXIT LOAD STRUCTURE UNDER HDFC SHORT TERM PLAN (ON JUN 29 , 2010) HDFC Mutual Fund has planned to revise the exit load structure under its scheme HDFC Short Term Plan. As per the revision, scheme will charge an exit load of 0.50 per cent if the investments are redeemed within 6 months from the date of allotment. The revision will be effective from 01st July, 2010. Currently the scheme charges 0.50 per cent of exit load if the investments are redeemed within 3 months from the date of allotment. HDFC Short Term Plan is an open ended income scheme with the investment objective to generate regular income through investment in debt securities and money market instruments. The scheme is managed by Mr. Anil Bamboli and Mr. Anand Laddha and benchmarked against CRISIL Short-Term Bond Fund Index. ICICI PRUDENTIAL MUTUAL FUND REVISES EXIT LOAD STRUCTURE UNDER ITS GILT FUND (ON JUN 29 , 2010) ICICI Prudential Mutual Fund has planned to revise the exit load structure under its scheme ICICI Prudential Gilt Fund – Investment Plan – PF Option. As per the revision, scheme will charge an exit load of 1 per cent if the investments are redeemed within 1 year from the date of allotment. The revision will be effective from 29th June, 2010. Currently the scheme does not charge any exit load. ICICI Prudential Gilt Fund – Investment Plan – PF Option is an open ended gilt fund with the investment objective to generate income through investments in Gilts of various maturities. The scheme is managed by Mr. Kuldeepsinh Jagtap and benchmarked against I-Sec Li-BEX. UTI MUTUAL FUND REVISES EXIT LOAD STRUCTURE UNDER UTI DYNAMIC BOND FUND (ON JUN 28 , 2010) UTI Mutual Fund has revised the exit load structure under its scheme UTI Dynamic Bond Fund. As per the revision, scheme will charge an exit load of 0.50 per cent if the investments are redeemed within 30 days from the date of allotment. The revision has been effective from 25th June, 2010. UTI Dynamic Bond Fund, is an open ended income scheme, with investment objective to generate optimal returns with adequate liquidity through active management of the portfolio, by investing in debt and money market instruments. The scheme is managed by Mr. Puneet Pal and benchmarked against CRISIL Composite Bond Fund Index.