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Birla Sun Life Pure Value Fund turns Open-ended

Birla Sun Life Mutual Fund has announced the conversion of Birla Sun Life Pure Value Fund, a close-ended diversified equity scheme into an open-ended scheme, with effect from March 29, 2011.

Investors who wish to continue can do so without doing anything. However, investors who want to exit can redeem/switch their units from February 25, 2011 to March 28, 2011, without paying any exit load.

New investment in the scheme will be subject to an exit load of 1 per cent if redeemed within 365 days from the date of allotment.