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Monday, August 24, 2009

Birla Sun Life MF Revises Exit Load Structure

With effect from 24 August 2009

Birla Sun Life Mutual Fund has revised exit load structure for various schemes, with effect from 24 August 2009.

Birla Sun Life International Equity Fund – Plan A & Plan B, Birla Sun Life Freedom Fund, Birla Sun Life '95 Fund, Birla Sun Life MNC Fund, Birla Sun Life Dividend Yield Plus, Birla Sun Life India Gennext Fund, Birla Sun Life Equity Fund, Birla Sun Life Special Situations Fund, Birla Sun Life New Millennium Fund, Birla Sun Life Frontline Equity Fund, Birla Sun Life Infrastructure Fund and Birla Sun Life Midcap Fund, Birla Sun Life Commodity Equities Fund – Global Multi Commodity Plan, Global Precious Metals Plan & Global Agri Plan, Birla Sun Life Income Fund, Birla Sun Life Short Term Opportunities Fund, Birla Sun Life MIP, Birla Sun Life MIP II – Savings 5 Plan and Birla Sun Life MIP II-Wealth 25 Plan:

For redemptions/switch-out of units within 365 days from the date of allotment, the exit load charge will be 1.00% of applicable NAV. For redemptions/switch-out of units after 365 days from the date of allotment, the exit load charge will be nil.

Birla Sun Life Advantage Fund, Birla Sun Life Top 100 Fund, Birla Sun Life Buy India Fund, Birla Sun Life India Opportunities Fund, Birla Sun Life Basic Industries Fund and Birla Sun Life Index Fund:

For redemptions/switch-out of units within 7 days from the date of allotment, the exit load charge will be 0.50% of applicable NAV. For redemptions/switch-out of units after 7 days from the date of allotment, the exit load charge will be nil.

Birla Sun Life Dynamic Bond Fund:

For redemptions/switch-out of units on or before 180 days from the date of allotment, the exit load charge will be 0.50% of applicable NAV. For redemptions/switch-out of units after 180 days but on or before 270 days from the date of allotment, the exit load charge will be 0.10% of applicable NAV.

Birla Sun Life Income Plus and Birla Sun Life Monthly Income:

For redemptions/switch-out of units within 7 days from the date of allotment, the exit load charge will be 0.25% of applicable NAV. For redemptions/switch-out of units after 7 days from the date of allotment, the exit load charge will be nil.

Birla Sun Life Floating Rate – Short Term Plan:

For redemptions/switch-out of units within 90 days from the date of allotment, the exit load charge will be 0.50% of applicable NAV. For redemptions/switch-out of units after 90 days from the date of allotment, the exit load charge will be nil.

Birla Sun Life Floating Rate – Long Term Plan:

For redemptions/switch-out of units within 365 days from the date of allotment, the exit load charge will be 2.00% of applicable NAV. For redemptions/switch-out of units after 365 days from the date of allotment, the exit load charge will be nil.

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