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Monday, August 03, 2009

Birla Sun Life MF revises exit load structure for various schemes

With effect from 3 August 2009

Birla Sun Life Mutual Fund has decided to revise the exit load structure for Birla Sun Life Advantage Fund, Birla Sun Life India Opportunities Fund, Birla Sun Life Midcap Fund, Birla Sun Life MNC Fund, Birla Sun Life India GenNext Fund, Birla Sun Life Equity Fund, Birla Sun Life New Millennium Fund, Birla Sun Life Buy India Fund, Birla Sun Life Basic Industries Fund, Birla Sun Life Top 100 Fund, Birla Sun Life International Equity Fund, Birla Sun Life Frontline Equity Fund, Birla Sun Life Special Situations Fund, Birla Sun Life Dividend Yield Fund, Birla Sun Life Freedom Fund, Birla Sun Life '95 Fund. The change will take effect from 3 August 2009.

Revised Exit Load:

For Purchase/switch in of units below Rs. 5 crore in value, an exit load charge of 1% is payable if the units are redeemed/ switched out within 3 years from the date of allotment. For purchase/switch in of units, equal to or greater than Rs 5 crore in value, no exit load is payable.

Existing Exit Load:

For Purchase/switch in of units below Rs. 5 crore in value, an exit load charge of 1% is payable if the units are redeemed/ switched out within 12 months from the date of allotment. For purchase/switch in of units, equal to or greater than Rs 5 crore in value, no exit load is payable.

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