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Birla Mutual Launches Dynamic Bond Fund


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.