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Monday, March 23, 2009

Birla Sun Life MF launches Medium Term Plan

NFO period from 23 March – 25 March 2009

Birla Sun Life Mutual Fund has announced the launch of open-ended income scheme, Birla Sun Life Medium Term Plan. The initial issue of units is at Rs.10 per unit. The fund has opened for subscription on 23 March 2009 and will close on 25 March 2009.

The primary investment objective of the scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital.

No entry will be charged. For units redeemed/ switched out within 90 days from the date of allotment, the scheme will charge an exit load of 0.50% of applicable NAV. For units redeemed/ switched out after 90 days from the date of allotment, no exit load will be levied.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

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