VR Logo

Introduction of Money Back Facility by Birla Sun Life MF

Birla Sun Life Mutual Fund has introduced Money Back Facility with effect from September 7, 2016. Money Back Facility, is a facility wherein the investor of eligible open ended schemes under Growth Option can opt for the following:

A) Fixed Payment Facility: A fixed amount would be redeemed from the Schemes/Plans/Options and paid to Unit holders at fixed intervals at the time of registration at the applicable Net Asset Value (NAV).

B) Variable Payment Facility: Units will be automatically redeemed from the eligible Schemes/Plans/Options equivalent to the rate of dividend declared, in the corresponding Dividend Option of the schemes at the applicable Net Asset Value (NAV) of the record date.