Pramerica Mutual Fund begins charging
exit load in Treasury Advantage Fund
Mumbai: Pramerica Mutual Fund has
introduced exit load in Pramerica Treasury Advantage Fund with effect from June 7,
2011.
The fund house will charge 1 per cent exit load if
units are redeemed within 365 days from the date of allotment. Currently, the
scheme does not charge any exit load.
Pramerica Treasury Advantage is an open ended debt scheme with the investment objective to provide reasonable returns, commensurate with moderate
level of risk and high degree of liquidity through a portfolio constituted of
money market and debt instruments. The scheme is managed by Mahendra Jajoo and is benchmarked
against CRISIL
Short Term Bond Fund Index.
