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Birla Sun Life MF Changes Load Structure

Birla Sun Life Mutual Fund has notified changes in load structure in two of its schemes with effect from May 2, 2005. Under the Birla Equity Plan, the fund would charge a 2.25 per cent entry load for investment below Rs 2 crore and 0.50 per cent for investment between Rs 2 and Rs 5 crore. No entry load would be charged beyond that. Under the Birla Index Fund, no entry load is applicable for investment amounting to below Rs 10 lakh, while 0.50 per cent would be charged for purchases more than Rs 10 lakh.