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Birla Sun Life MF Modifies Load Structure


With effect from July 3, 2002, Birla Sun Life Mutual Fund has revised the load structure for its existing schemes.

While the entry load on Birla Advantage Fund, Birla IT Fund, Birla MNC Fund and Birla Equity Plan, has been increased from 1.75% to 2%, for Birla Balance it has been hiked from 1% to 1.50%, if you opt for redemption within 180 days.

The proposed exit load for Birla Sun Life's debt scheme, Birla Income Plus, will be 0.50% for investments upto Rs 10 lakh if an investor exits the scheme within 180 days from the date of purchase and for over Rs 10 lakh-investment, the exit load will be 0.25% if redemption is made within 90 days.

For Birla Gilt Plus-PF Plan, the new exit load will be 0.50% if an investor exits the scheme within 180 days while Birla Bond Plus will carry an exit load of 0.25% if one opts for redemption within 30 days. Whereas the new exit load for Birla MIP has been fixed at 0.50% if redemption is made within 90 days.