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Monday, August 03, 2009

Birla Sun Life MF revises exit load structure for MIP

With effect from 3 August 2009

Birla Sun Life Mutual Fund has decided to revise the exit load structure for Birla Sun Life MIP, with effect from 3 August 2009.

Revised Exit Load:

For units redeemed/ switched out within 12 months from the date of allotment, the scheme will charge an exit load of 1.00% of applicable NAV. For units redeemed/ switched out after12 months from the date of allotment, the exit load charge will be nil.

Existing Exit Load:

For Purchase/switch in of units, upto and including Rs. 1 crore in value, an exit load charge of 0.60% is payable if the units are redeemed/ switched out within 6 months from the date of allotment. For purchase/switch in of units, greater than Rs 1 crore in value, no exit load is payable.

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