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Birla Infrastructure Fund

Birla Mutual Fund has launched Birla Infrastructure Fund. Benchmarked against S&P CNX Nifty, the fund is open for initial subscription between January 31 to February 18, 2005.

A diversified equity fund, the scheme will invest in equity and equity related instruments of companies that are participating in the growth and development of infrastructure in India.

The fund will charge an entry load of 2.25 per cent for purchase/switch-in of units less than Rs 5 crore in value. No entry load would be levied on investments above Rs 5 crore. An exit load of 1 per cent would be applicable on redemption/switch-out of units within six months from the date of allotment. For SIP investments, no entry load on applications where each installment is less than or equal to Rs 10 lakh would be charged.