Birla Sun Life has removed the entry load in its equity and balanced funds, viz. Birla Advantage Fund, Birla Equity Plan, Birla IT Fund, Birla MNC Fund and Birla Balance with effect from March 4, 2002. This implies that from today onwards entry into and exit from these funds will be on a no-load basis.
Birla Sun Life has become the first mutual fund to make such a revision in the equity funds. All other equity funds charge either an entry or exit load of 0.5 to 3 per cent.