Birla Sun Life Mutual Fund has revised the entry load for its open-ended equity and balanced funds from 2 per cent to 2.25 per cent with effect from May 17, 2004.
The affected funds will be Birla Advantage Fund, Birla Balance, Birla Dividend Yield Plus, Birla MNC Fund, Birla Midcap Fund and Birla India Opportunities Fund.
Currently an entry load of 2% is charged on these funds for investments upto Rs. 5 Crores and for investments above Rs. 5 Crores, entry load is Nil. With effect from May 17, 2004, investments of Rs. 5 Crores and less in these funds will attract an entry load of 2.25% while for investments above Rs. 5 Crores, entry load would still be Nil.