Baroda Pioneer MF Revises Exit Load Structure

Baroda Pioneer Mutual Fund has revised the exit load structure for Baroda Pioneer Growth Fund as well as Baroda Pioneer Diversified Fund, Baroda Pioneer Global Fund, Baroda Pioneer Balance Fund, Baroda Pioneer MIP Fund, Baroda Pioneer Income fund, Baroda Pioneer Gilt Fund effective from August 18, 2009.

Accordingly the exit load charge will be 1%, for any application amount if redeemed on or before 12 months.

Death claims payout rises 21% in Q1

Indian life insurance industry paid 20.74 per cent high death benefit to its policy-holders at Rs 1,717-crore during the first quarter of the current fiscal, according to the Life Insurance Council.

During April-June 2009 quarter, the Indian life insurance industry paid Rs 1,717-crore as death claims to its policy-holders compared to Rs 1,422-crore during the same period last year," Life Insurance Council said in its recently released data.

The private sector life insurance companies have paid 57.35 per cent higher death claims during the first quarter at Rs 321-crore as against Rs 204-crore during the same quarter last year.

"The economic downturn has in no way impacted the Indian life insurance industry, with respect to the payment of death benefit. In fact, it is significant to note that the death benefit on the contrary, has increased," Life Insurance Council Secretary General S B Mathur said.

DBS Chola MF Revises Load Structure for Various Schemes

DBS Chola Mutual Fund has decided to revise the entry as well as exit load structure for various schemes as follows:

DBS Chola Growth Fund, DBS Chola Midcap Fund, DBS Chola Opportunities Fund, DBS Chola Contra Fund, DBS Chola Multi Cap Fund, DBS Chola Global Advantage Fund and DBS Chola Hedged Equity Fund:

The scheme will charge an exit load of 1% if redeemed on or before 3 years, for an investment amount below Rs. 2 crore in value. However, if redeemed after 3 year the exit load charge will be nil. Moreover, for an investment amount more or equal to Rs. 2 crore in value, the exit load charge will be nil.