SBI Mutual Fund is going to lower the minimum redemption provision under SBI Savings Fund with effect from June 30.

The minimum redemption provision is going to be Rs 500 or 50 units or account balance whichever is lower.

At present, the minimum redemption provision is Rs 1,000 or 100 units account balance, whichever is lower.

However, other features of the scheme will remain unchanged.

Read EquityPandit’s Technical Analysis of Indian Stock Market