HDFC Mutual Fund has altered the minimum investment amount for HDFC Floating Rate Income Fund - Short Term Fund (wholesale plan),an open-ended debt fund. As per the revision,the minimum investment amount now will be Rs 10 lakh as opposed to Rs 1 core at present. The change will be effective from May 5. UTI MF revises exit load structure UTI Mutual Fund has revised the exit load for UTI Short Term Income Fund,an open-ended short-term debt fund. As per the revision,the scheme will now charge an exit load of 1 per cent,if the investments are redeemed within 90 days from the date of allotment,and 0.5 per cent,if redeemed after 90 days but before 180 days from the date of allotment. The revision is effective from April 28. ICICI Prudential MF changes minimum investment amount ICICI Prudential Mutual Fund has revised the minimum investment amount for Institutional plan under ICICI Prudential Short Term Plan and ICICI Prudential Income Opportunities Fund with immediate effect. As per the revision,the minimum investment amount is Rs 1 crore. ICICI Prudential Short Term Income Plan and ICICI Prudential Income Opportunities Fund are managed by Manish Banthia and Kuldeepsinh Jagtap respectively. These schemes are benchmarked against Crisil Short Term Bond Fund Index and Crisil Composite Bond Fund Index respectively. Reliance MF revises exit load structure under its scheme Reliance Mutual Fund has revised the exit load of Reliance Long Term Equity Fund. As per the revision,scheme will now charge an exit load of 1 per cent,if the investments are redeemed within a year from the date of allotment. Currently,the scheme does not charge any exit load. The revision is effective from May 3. Reliance Long Term Equity Fund is an open-ended diversified equity scheme. Franklin Templeton MF winds up India International Fund Franklin Templeton Mutual Fund has proposed winding up of Franklin India International Fund with effect from April 30. The reason for the decision is the strengthening rupee against the US dollar which has resulted in a sharp reduction for demand for the fund. The fund house with effect from April 29 is not carrying on any business activity in respect of the scheme.
