SBI Mutual Fund has announced that the provision with respect to minimum amount for purchase, additional purchase & redemption/switches in SBI Liquid Fund – growth option stands revised as under, with effect from 03 March 2021:
Minimum amount for purchase:
Existing Provision: Rs. 5000/- & in multiples of Rs.1
Revised Provision: Rs. 500/- & in multiples of Rs.1 thereafter.
Minimum amount for additional purchase:
Existing Provision: Rs. 5000/- & in multiples of Rs.1
Revised Provision: Rs. 500/- & in multiples of Rs.1 thereafter.
Minimum amount for redemption / switches:
Existing Provision: Rs. 5000/- or 1 unit or account balance whichever is lower
Revised Provision: Rs. 500/- or 1 unit or account balance whichever is lower.
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