VR Logo

Birla Index Fund Revises Load Structure

Birla Mutual Fund has announced a changed load structure in Birla Index Fund even before declaring its first NAV. Effecitve, September 27, 2002 the fund has introduced an entry load of 0.50 per cent and no exit load. Though during the launch, it was announced that when the fund would open for sale on an ongoing basis, it would only charge an exit load of 1 per cent for redemption upto Rs 5 lakhs, if redeemed within an year and no entry load.