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Birla Sun Life Introduces Dividend Sweep Facility


Birla Sun Life Mutual Fund has announced the introduction of Dividend Sweep Facility w.e.f. October 6, 2009. Under the facility, one can opt for switching the dividend earned under any of the mentioned Open ended Debt Schemes into any other Open Ended Equity or Balanced Scheme of the fund.



Scheme  Plan  Option
Birla Sun Life Short Term Fund Retail and Institutional Monthly Dividend
Birla Sun Life Medium Term Plan Retail and Institutional Monthly and Q Dividend
Birla Sun Life Dynamic Bond Fund Retail Monthly and Q Dividend
Birla Sun Life Income Fund Q and Half Yearly Dividend -
Birla Sun Life Floating Rate Fund- Long Term Plan Retail Monthly Dividend
Birla Sun Life Gilt Plus Regular Plan Q and Annual Dividend -
Birla Sun Life Gilt Plus Liquid Plan Q and Annual Dividend -
Birla Sun Life Gilt Plus PF Plan  Q and Annual Dividend -
Birla Sun Life Monthly Income  Q and Annual Dividend -
Birla Sun Life MIP Monthly Dividend -
Birla Sun Life MIP-II-Savings 5 Plan  Monthly Dividend -
Birla Sun Life MIP-II-Wealth 25 Plan Monthly Dividend -
Birla Sun Life Savings Fund Retail and Institutional Monthly Dividend

The dividend (net of applicable TDS if any) will be switched subject to minimum investment eligibility requirements of the opted scheme at applicable NAV based prices. The facility shall be processed on the record date of the dividend declared under the scheme.

However, the facility will not allow for switch of partial dividend or switch of dividend to multiple schemes