
Birla Mutual Fund has launched the Birla Dynamic Bond Fund. The fund would be open for initial offer from September 10 to September 24, 2004. It offers three plans - Retail, Institutional and Institutional Premium Plan. The minimum application amount for Retail Plan is Rs 5,000, Rs. 10 lakh for Institutional and Rs. 1 crore for Institutional Premium Plan. The fund would not charge any entry load but an exit load of 0.50% for investments upto Rs. 10 lakh if redeemed within 3 months.