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Friday, December 19, 2014

Birla Sun Life MF Announces Renaming of dividend option under its schemes

With effect from 26 December 2014 

Birla Sun Life Mutual Fund has decided to carry out the following change(s) to existing dividend option offered for subscription under regular plan and direct plan of Birla Sun Life Income Plus and Birla Sun Life Government Securities Fund – Long Term Plan, with effect from 26 December 2014. 

Renaming of existing dividend option: 

The existing dividend option with pay-out and reinvestment facility offered for subscription under the scheme(s) is being renamed from the effective date as per the details given below:
Birla Sun Life Mutual Fund: Dividend option will be renamed to Quarterly Option. 

Birla Sun Life Government Securities Fund – Long Term Plan: Dividend option will be renamed to Half Yearly Dividend Option. 

Introduction of new option: 

It has been decided to introduce a dividend option with payout and dividend reinvestment facility under the regular plan and direct plan of the above schemes. Dividend option will be available for subscription at Rs 10 per unit on the effective date and at applicable NAV based prices thereafter. 
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