Pramercia to charge 0.5% as exit load for redemptions
within 6 months
Mumbai: Pramerica Mutual Fund has revised the
exit load structure in Pramerica Short Term Income Fund with effect from August
2, 2011. The fund house will charge 0.50 per cent as exit load if units are redeemed
within 6 months from the date of allotment.
The scheme earlier charged 0.25 per cent as exit load if units were redeemed within 3 months from the date of allotment. Pramerica Short Term Income Fund is an open ended income scheme with the investment objective to generate regular returns with moderate level of risk by investing primarily into a portfolio of debt securities and money market instruments of short term maturity.
