Birla Mutual Fund has made certain changes in the Birla Bond Plus features, effective August 26, 2002. The fund would follow historic pricing for any subscriptions made in the fund. The cut-off time for subscriptions has been revised from 3.30 p.m. to 10.30 a.m. For direct debit, the cut-off time would be 11.30 a.m. But, for redemptions and switch-over the fund would continue to follow forward pricing.
Also, Saturday would be a transaction day now, for subscriptions through Direct Debit and High Value cheques made upto 10.30 a.m. The redemptions and switches could be made till 1.00 p.m.