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Thursday, May 21, 2009

Birla Sun Life MF introduces Trigger Facility

With effect from 22 May 2009

Birla Sun Life Mutual Fund has introduced new facility namely “Trigger Facility” in the growth option of Birla Sun Life Frontline Equity Fund, an open ended growth scheme, with effect from 22 May 2009.

Features: Under this facility, the investor can choose a specific % target return, which, if achieved in the scheme, the gain / fund value (as opted by the investor) shall be switched to the growth option of the debt scheme selected by the investor from the options provided. This facility is being made available for transaction made through electronic mode only.

Trigger levels: 15%, 30%, 50% & 100% gain from average cost of acquisition of the units in the scheme.

Trigger Switch options: Gain amount or entire invested amount with gain in the scheme to debt scheme selected by investor. The minimum application amount criteria for debt schemes will not be applicable for switches.

Debt Schemes: Birla Sun Life Savings Fund – Retail Plan – Growth option, Birla Sun Life Short Term Fund – Retail Plan – Growth Option, Birla Sun Life Dynamic Bond Fund – Retail Plan – Growth Option, Birla Sun Life Cash Plus – Retail Growth

Default trigger/scheme: Default trigger level – 15%, Default debt scheme for switch –in – Birla Sun Life Savings Fund – Retail Plan – Growth Option.

NAV for Switch: NAV of the trigger day will be considered for the purpose of switch. In case of non business day in debt schemes, switch will be processed on next business day for both the schemes.

Load Structure:

Entry load for trigger facility: Entry load as applicable to Birla Sun Life Frontline Equity Fund

Exit Load at time of triggered switch: Nil

Entry Load at the time of switch-in to debt scheme: Entry load as applicable to debt scheme(s) at the time of switch-in

Exit load at the time of redemption from Birla Sun Life Frontline Equity Fund: Exit load as applicable to Birla Sun Life Frontline Equity Fund

Exit load at time of redemption from debt scheme: Exit load as applicable to respective debt scheme(s).

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