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Birla Income Plus Removes Exit Load

Birla Income Plus, a medium-term debt fund from Birla SunLife AMC will be available on a "no-load basis" for investments of Rs 5 crore or above from November 1 to 30, 2001. While the fund does not charge an entry load, an exit load of 0.25 per cent is charged for redemption within 90 days of investment.

With a consistence performance over its six-year track record, Birla Income Plus has returned an annualised 13.44 percent since launch. However during the volatile September, the fund came under redemption pressure and its asset base was squeezed by Rs 200 crore.