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Personal finance Tuesday

Religare MF unveils 370 days fixed maturity plan; Axis MF revises exit load under Short Term Fund; Franklin Templeton MF revises exit load under Templeton Floating Rate Income Fund; Taurus MF revises exit load under MIP Advantage Fund

Religare MF unveils 370 days fixed maturity plan

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series IV-Plan E (370 Days) under Religare Fixed Maturity Plan-Series IV-Plan A to F, a close-ended debt scheme. The duration of the Plan E is 370 days. The new issue opens on 8th December and closes on 9th December.

The investment objective of the plan is to generate income by investing in debt and money-market instruments maturing in line with the duration of the plan. The Plan E offers growth and dividend (payout) option. The exit load charge will be nil. The minimum investment amount is Rs5,000. The minimum target amount is Rs1 crore.
The plan will be benchmarked against CRISIL Liquid Fund Index. Nitish Sikand will be the fund manager.

Axis MF revises exit load under Short Term Fund

Axis Mutual Fund has revised exit load structure under its scheme Axis Short Term Fund. According to the revision, 0.25% exit load will be applicable, if the investment is redeemed within one month from the date of allotment. Earlier, the fund did not charge any exit load.

Franklin Templeton MF revises exit load under Templeton Floating Rate Income Fund

Franklin Templeton Mutual Fund has revised the exit load under Templeton Floating Rate Income Fund with effect from 1st December. Now, the exit load will be 0.25% if the investment is redeemed within seven days from the date of allotment. Earlier, the exit load used to be 0.25% for investments redeemed within 30 days.

Taurus MF revises exit load under MIP Advantage Fund

Taurus Mutual Fund has revised the exit load under Taurus MIP Advantage Fund from 1st December.

Now, the exit load will be 1.5% for investments redeemed within six months, while 1% for investments redeemed after six months and up to one year from the date of allotment. Earlier, the exit load used to be 1% for investments redeemed up to one year.

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Canara Can

SRF was up 12%, Canara Bank gained 11%, Shri Lakshmi Cotsyn dipped 6%

Gainers: SRF, a major...

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