Reliance Mutual Fund has decided to revise exit load structure for Reliance Medium Term Fund, with effect from 11 February 2009.
Accordingly, the fund proposed to not charge any exit load. Presently, it charges 0.15% as an exit load if the investors redeemed/ switch-out on or before 1 working day from the date of allotment of units. No exit load shall be charged after 1 working day from the date of allotment of units.
Reliance Medium Term Fund is an open income scheme with a primary investment objective to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.
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