Birla Sun Life MF has discontinued Systematic Transfer Plan (STP) facility for prospective applications under BSL Dynamic Bond Fund, and has introduced Discipline Advantage Plan under the scheme where investors may systematically transfer their investments from the schemes to any of the eligible equity schemes.
The details of the offering are as follows:
Offer Price: Rs. 10 per unit.
Minimum Application Amount: Higher of Rs. 10,000 and the sum of transfer amounts as per the frequency opted.
Frequency of Transfer:
Weekly: Minimum 5 transfers of Rs. 1000 each.
Monthly: Minimum 6 transfers of Rs. 1000 each.
Quarterly: Minimum 4 transfers of Rs. 2000 each.
Entry Load: NIL
Exit Load: NIL if transfered out to the eligible equity schemes. If units are redeemed or transfers are made to schemes other than the eligible equity schemes within 2 years, exit load of 2.50% will apply.
Load on Transfer-in: Entry and exit load as applicable under the equity schemes to which the investments are switched will apply.
Eligible Equity Schemes:
Birla Sun Life Fronline Equity
Birla Sun Life Midcap Fund
Birla Sun Life Top 100 Fund
Birla Sun Life Equity Fund
Birla Sun Life Infrastructure Fund
Birla Sun Life Tax Relief '96
The intorduction is applicable with effect from March 30, 2009.