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Birla Sun Life Monthly Income reduces exit load to 1 per cent


Birla Sun Life Mutual Fund has revised the exit load of the following schemes with effect from February 04, 2015:

Scheme NameExisting Exit loadRevised Exit load
Birla Sun Life Monthly Income1.5% if redeemed within 365 days;
0.5% if redeemed between 365days-540days
1% if redeemed within 540 days
Birla Sun Life MIP II-Savings 5
Birla Sun Life '951% if redeemed within 365 days
Birla Sun Life MIP2% if redeemed within 365 days;
1.5% if redeemed between 365days-730days;
1% if redeemed between 730days-1095days
1% if redeemed within 1095 days
Birla Sun Life MIP II-Wealth 25

The fund house has also announced dividend under the dividend option of Birla SL FTP Series JY Reg-DQ, Birla SL FTP Series JY Reg-D, Birla SL FTP Series JY Direct-DQ and Birla SL FTP Series JY Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as February 05, 2015.