for cash payments is R50,000.
Morgan Stanley revises exit load
Morgan Stanley Mutual Fund has revised its exit load for its short-term bond fund. The fund house will now charge an exit load of 0.5% for every redemption made on or before the expiry of the tenure of six months. Till now, the fund house used to charge an exit load of 0.50% for investments redeemed on or before the expiry of three months from the date of allotment for the short-term bond fund. The revised exit load will be applicable from October 1.
Baroda Pioneer declares dividend
Baroda Pioneer Mutual Fund has declared dividend under the quarterly dividend option of Baroda Pioneer MIP-DQ. The quantum of dividend shall be R0.2 per unit and the record date has been fixed as October 7.