Kotak Mutual Fund has revised the exit load structure under Kotak Credit Opportunities Fund, an open-ended debt scheme. Accordingly, an exit load of 1 per cent will be charged if the units are redeemed or switched out within 180 days from the date of allotment. The revised structure will be effective from July 4.

ICICI Prudential Mutual Fund has launched ICICI Prudential Capital Protection Oriented Fund – Series III – 36 Months Plan, a close-ended capital protection-oriented fund. The scheme's investment objective is to seek to capital protection by investing a portion of the portfolio in quality debt securities and money market instruments and also to provide capital appreciation by investing the remainder in equity and equity-related securities. No exit load will be charged under the scheme. The performance of the scheme will be benchmarked against Crisil MIP Blended Index. The new fund offer will be open for subscription till July 15, at an offer price of Rs 10 per unit.

Edelweiss Mutual Fund has declared dividends under Edelweiss Diversified Growth Equity Top 100 Plan A and Plan C, on the face value of Rs 10 per unit. The quantum of dividend for distribution is Rs 1 per unit for both the plans. The record date for dividend distribution is July 5.

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