Widely read:
SBI Mutual Fund has revised the exit load of the following schemes, with effect from May 18, 2015:
| Scheme Name | Existing Exit Load | Revised Exit Load |
| SBI Magnum Balanced | 1.5% if redeemed within 18 months | 1% if redeemed within 12 months |
| SBI Magnum Global | ||
| SBI Magnum Multiplier | 1% if redeemed within 18 months | |
| SBI Banking & Financial Services | 2% if redeemed within 12 months & 1% if redeemed after 12 months but within 18 months | |
| SBI Dynamic Asset Allocation | 2% if redeemed within 1year & 1% if redeemed after 1 year but within 2 years | |
| SBI Magnum MIP-Floater | Charged over & above redemption of 10% of the units as 1.50% if redeemed within 18 months | Charged over & above redemption of 10% of the units as 1% if redeemed within 12 months |
The fund house has also decided to launch SBI Debt Fund Series B-18. The scheme will open for subscription from May 21, 2015 to May 25, 2015.
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