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Friday, July 17, 2009

Birla Sun Life MF announces change in load structure for DAP

With effect from 20 July 2009

Birla Sun Life Mutual Fund has revised the load structure for Disciplined Advantage Plan (DAP) with effect from 20 July 2009 under Birla Sun Life Income Plus, Birla Sun Life Income Fund, Birla Sun Life Short Term Fund, Birla Sun Life Cash Plus, Birla Sun Life Savings Fund and Birla Sun Life Dynamic Bond Fund.

The revised load structure is as follows:

Entry load of DAP:

Existing: Nil

Revised: No change

Entry load at the time of transfer IN:

Existing: Entry load as applicable to respective eligible equity scheme(s) will be payable. (Eligible equity schemes are Birla Sun Life Frontline Equity Fund, Birla Sun Life Midcap Fund, Birla Sun Life Top 100 Fund, Birla Sun Life Equity Fund, Birla Sun Life Infrastrucutre Fund and Birla Sun Life Tax Relief'96).

Revised: No change

Exit load at the time of transfer OUT:

Existing: Nil

Revised: Exit load as applicable to respective scheme(s)

Exit load for DAP:

Existing: For units redeemed/switched out (including inter/intra scheme transfer) to any schemes/plan/option other than eligible equity schemes within 2 years from the date of allotment- an exit load of 2.50% of applicable NAV.

Revised: Exit load as applicable to respective scheme(s)

Exit load at the time of redemption from equity scheme:

Existing: Exit load as applicable to respective scheme(s)

Revised: No change

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