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Birla Mutual Announces Load Revision


Birla Mutual Fund has announced revision of load in the following schemes: Birla Advantage, Birla Balance, Birla Dividend Yield Plus, Birla MNC, Birla Midcap and Birla India Opportunities. Currently for all the schemes except Birla Balance there is no exit load but an entry load of 2 per cent for investment less than Rs. 1 crore and 0.25 per cent for investment equal to or greater than Rs.1 crore but less than Rs. 2 crore. Birla Balance had an entry load of 1.5 per cent for investment less than Rs. 1 crore and 0.25 per cent for investment equal to or greater than Rs.1 crore but less than Rs. 2 crore. Effective April 12, 2004 the above schemes would charge an entry load of 2 per cent for investments less than Rs.5 crores. No entry Load is applicable for lateral shifts between any of the above equity schemes.