Birla Mutual Fund has brought about changes in minimum investment amounts of two of its schemes. In case of Birla Bond Plus-Dividend Plan, it has been increased from Rs 5000 to Rs 10 crore, while in Birla Cash Plus-Dividend Plan it has been brought down from Rs 10 crore to Rs 5 crore. All additional investment in these two schemes can be made in denomination of Rs 1 crore. The minimum investment for the growth options remains the same.
For Birla MIP, Contingent Deferred Sales Charge (CDSC) has been removed for investment above Rs. 10 lakh. However, CDSC remains same at 0.5 per cent for investment up to Rs 10 Lakh for withdrawal within 90 days.
All the above changes would come into effect from November 5, 2002.
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