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News 1x1pix.gif (807 bytes)
1x1pix.gif (807 bytes)

Tuesday, September 04, 2007 09:15 Hrs IST

DSP Merrill Lynch MF modifies combined offer document

Changes will be effective from 5 September 2007

DSP Merrill Lynch has revised the load structure for some scheme by making modification in the combined offer document. The changes will be applicable for the investment made on or after September 2007.

The scheme has modified its load structure under DSP Merrill Lynch Technology.com fund. The fund is currently charging 2.25% of the applicable NAV as entry load. According to modified provision the fund will charge the 2.25% entry load for the investment amount less than Rs 5 crore whereas there will not be any entry load for the investment above Rs 5 crore. The fund house has also modified the exit load for the scheme. The scheme is currently does not charge any exit load. According to modified provision it will charge an exit load of 0.50% for the investment redeemed within 6 months from the date of allotment. There will not be any exit load charged on the investment redeemed after the period of 6 months.

The fund house has also decided to change the exit load structure for DSP Merrill Lynch equity fund, DSP Merrill Lynch opportunities fund, DSP Merrill Lynch top 100 equity fund, DSP Merrill Lynch India T.I.G.E.R fund and DSP Merrill Lynch Small and Mid Cap fund. All this schemes currently carries an exit load of 0.50% for the redemption made with in 6 months from the date of allotment. According to revised provision the there will not be any exit load charged on the investment redeemed within 6 months from the date of allotment.

All the above changes will be effective on a prospective basis for investments made on or after 5 September 2007.

The fund house has also decided to modify the exit load for DSP Merrill Lynch Micro Cap Fund. The fund currently charges an exit load of 4.00% for the investment redeemed before the 12 months from the date of allotment. The exit load will come down to 3.00% if the investment is redeemed between 12 months to 24 months from the date of allotment. The scheme carries an exit load of 2.00% if the investment is redeemed any where between 24 months to 36 months. There will not be any exit load for the redemption made after 36 months. According to modified provision the scheme will charge an exit load of 0.50% for the redemption made on or before the 36 months form the date of allotment. There will not be any exit load for the redemption made after 36 months.

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