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Investors can exit without load when a fund house changes hands
Sebi gives one-month window to move out but transaction costs, capital gains tax have to be paid
Investors in Fidelity India Fund Management must be a worried lot. With recent reports suggesting the fund house may sell its India business, almost a million customers (according to folios, Amfi data, as on September 2011) will have to take a call on whether or not to continue with the new management.
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