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HDFC MF revises exit load structure under its schemeHDFC MF plans to revise exit load structure for HDFC Floating Rate Income Fund (long-term plan). As per the revision, scheme will now charge an exit load of 1 per cent, if the investments are redeemed within a year of allotment. The change will be effective from May 10. After that, the scheme will charge an exit load of 3 per cent, if the investments are redeemed within 18 months from the date of allotment. HDFC Floating Rate Income Fund is an open-ended income scheme.Fortis MF revises exit load to two per centFortis Mutual Fund plans to revise exit load structure for Fortis Bond Fund. As per the revision, scheme will charge an exit load of 2 per cent, if investments are redeemed within a year from the date of allotment. Currently, the scheme does not charge any exit load. The revision will be effective from May 7. Fortis Bond Fund is an open-ended debt-income scheme and is managed by Alok Singh and Chirag Mehta. It is benchmarked against Crisil Composite Bond Fund IndexIDBI MF launches maiden fundIDBI MF has launched IDBI Nifty Index Fund, an open-ended equity scheme. The new fund offer is open for subscription from May 3 to May 31. The scheme allows minimum application amount of Rs 5,000 and charges an exit load of 1 per cent, if the units under the scheme are redeemed within a year from the date of allotment. The scheme will be managed by Gautam Kaul and benchmarked against S&P CNX Nifty index.Baroda Pioneer MF launches Infrastructure FundBaroda Pioneer Mutual Fund has launched Baroda Pioneer Infrastructure Fund, a new open-ended equity scheme. The new fund offer is open for subscription from May 3 till the end of the month. The scheme will invest in equity and equity-related securities of companies in infrastructure and infrastructure-related sectors and allow minimum application amount of Rs 5,000. It will charge an exit load of 1 per cent if the units under the scheme are redeemed within 365 days from the date of allotment. The scheme will be managed by Dipak Acharya and benchmarked against CNX 100.Birla Sun Life MF converts its scheme into open-ended schemeBirla Sun Life Mutual Fund has declared that its Birla Sun Life Long Term Advantage Fund-Series 1 which is a close ended scheme will be converted to an open ended scheme. The change will be effective from 01st June, 2010. Investors who do not agree with the conversion may redeem or switch their units between the periods of 01st May, 2010 to 30th May, 2010 without paying any exit load.

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