Friday, December 18, 2009

Birla Sun Life MF Revises Exit Load for Short Term Opportunities Fund

With effect from 21 December 2009 

Birla Sun Life Mutual Fund has decided to revise the exit load structure of Birla Sun Life Short Term Opportunities Fund, with effect from 21 December 2009.

Accordingly the revised exit load charge will be 0.25% of applicable NAV for redemptions / switch-out of units within 120 days from the date of allotment. For redemptions / switch-out of units after 120 days from the date of allotment the exit load charge will be nil.

Birla Sun Life Short Term Opportunities Fund is an open ended income scheme with the investment objective to generate regular income by investing primarily in investment grade fixed income securities / money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating.