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Birla Sun Life Mutual Fund: Introduction of Milestone Facility

Birla Sun Life Mutual Fund introduced Milestone facility under Birla Sun Life Equity Fund- Growth Option and Birla Sun Life Short Term Opportunities Fund- Growth Option.

In Milestone facility the investor can choose to save for his financial goals like retirement, children's education or buying a house. The investor invests through monthly SIP or annual SIP or through lump sum investment.

There will be 3 per cent of exit load for first 3 years and 2 per cent for the next 3 years and 1 per cent for the next 3 years.

The changes will be effective from June 16, 2014.