Birla Sun Life changes exit load for switch-out under open ended equity schemes

Birla Sun Life Mutual Fund has announced change in exit load provisions for switch-out(s) from open ended equity schemes.

The change is effective from August 6, 2009.

Earlier, no exit load was charged for switch-outs made from any open ended equity scheme (except Birla Sun Life Enhanced Arbitrage Fund and Birla Sun Life Index Fund) to any other open ended equity scheme of Birla Sun Life Mutual Fund.

After revised provision, no exit load shall be charged for switch-outs made from any open ended equity scheme to any other open ended equity scheme of Birla Sun Life Mutual Fund, however such exit load shall be charged where the corresponding switching(s) are made into Birla Sun Life Enhanced Arbitrage Fund, Birla Sun Life Index Fund, Birla Sun Life Commodity Equities Fund, Birla Sun Life Infrastructure Fund(Plan B), Birla Sun Life Frontline Equity Fund(Plan B) and Birla Sun Life Midcap Fund(Plan B).