Birla Sun Life AMC has introduced Monthly Dividend Sweep Option under Birla Sun Life FMP - Annual Series 3. Under this option, the minimum application amount will be Rs. 3 lakhs, and the dividends earned can be switched into any other open-ended Equity Scheme of the fund house.
The fund house has issued a notice date January 02, 2009 stating the same. The new option thus introduced will have the same objective, load structure, portfolio and expense ratio.