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Monday, November 05, 2012

Birla Sun Life Dividend Yield Plus announces change in the fundamental attributes

With effect from 17 December 2012 

Birla Sun Life Mutual Fund has announced change in the fundamental attributes of Birla Sun Life Dividend Yield Plus with effect from 17 December 2012 by modifying certain provisions of the asset allocation and investment pattern of the Scheme as under: 

Revised Provision: 

Asset allocation and investment pattern: The scheme would invest in primarily in equity stocks that have a relatively high dividend yield (i.e. dividend paid in the previous year divided by the current market price), at the point of investment. The Scheme is defining dividend yield as 'high' if it is greater than the dividend yield of Nifty last released / published by NSE. The scheme shall invest 65%-100% in ‘High' Dividend Yield Equity and Equity Related Instruments, 0-35% in Other Equity and Equity Related Instruments or 0-20% in Debt and Money Market Instruments. 

The investment objective, investment strategy, load structure, minimum application amount, annual scheme recurring expenses and other features and terms and conditions of scheme will remain unchanged and all references to the above provisions shall be suitably incorporated in the scheme Information Document of the scheme. 

The existing unitholders (i.e. whose names appear in the register of unitholders as on close of business hours on November 02, 2012) under Birla Sun Life Dividend Yield Plus are hereby given an option to exit, i.e. either redeem their investments or switch their investments to any other scheme of Birla Sun Life Mutual Fund in accordance with the provisions of respective Scheme Information Document, within the 30 days exit period starting from November 15, 2012 till December 14, 2012 (both days inclusive and upto 3.00 pm on December 14, 2012) at applicable NAV, without payment of any exit load.
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