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Exit load - Parity among all classes of unit holders

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Full Text of the Document

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....Madam, Sub: Exit load - Parity among all classes of unit holders 1. SEBI vide circular No. SEBI/IMD/CIR No. 5/126096/08 dated May 23, 2008 has simplified the formats for Offer Document and Key Information Memorandum of Mutual Funds Scheme. The simplified Scheme Information Document format provides that "Wherever quantitative discounts are involved the following shall be disclosed - The Mutua....