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Birla Waives Exit Load In 2 Equity Funds

Birla Mutual Fund has waived off the exit load of 1 per cent if investment is redeemed within 6 months under its Birla Sun Life Basic Industries and Birla Sun Life Buy India Fund. From 1st January 2007 onwards, the exit load under both funds would be nil.

No change has been made in the entry load structure. They both continue to charge an entry load of 2.25 per cent for investment amount less than Rs 5 crores.