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Thursday, February 05, 2009

Birla Sun Life MF revises load structure for its Short Term Fund

With effect from 6 February 2009

Birla Sun Life Mutual Fund has revised load structure in Birla Sun Life Short Term Fund, an open-ended short-term income scheme with effect from 6 February 2009.

As per revision, the Fund will not levy an exit load. There is no change in entry load i.e. no entry load is applicable.

Existing provision is that the fund charges exit load as 0.25% of applicable NAV for units redeemed/switched out within 7 days from the date of allotment.

Birla Sun Life Short Term Fund aims to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk.

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