Tuesday, March 15, 2011 09:35 Hrs IST
DSP BlackRock MF to Charge Exit Load for Switch-Out Scheme
With effect from 1 April 2011
DSP BlackRock Mutual Fund has announced change in provision pertaining to chargeability of exit load in case of switch between DSP BlackRock Savings Manager Fund, DSP BlackRock Balanced Fund and all the equity oriented and Fund of Funds schemes.
Accordingly, the applicable exit load will be charged in the switch-out scheme. This change is effective on a prospective basis for investments made on and after 1 April 2011.
Under the existing provision, no exit load is charged in case of switch between the said schemes.