Birla Sun Life Dynamic Bond Fund will now offer a Monthly Dividend Option (in addition to Quarterly dividend and Growth options) to invsetors. The units under the new option will have Dividend Payout and Re-investment facility, and will be available from December 04, 2008 at Rs. 10 per unit and at applicable NAV thereafter.
The minimum initial investment under the scheme is Rs. 5000, and Rs. 1000 for all subsequent investments. Redemptions within 60 days from the date of allotment will attract an exit load of 0.50%.