Change of load structure under various Birla Sun Life schemes

Birla Sun Life Mutual Fund has announced changes in the exit load structure under various plans such as Birla Sun Life Advantage Fund, Birla Sun Life India Opportunities Fund, Birla Sun Life Midcap Fund, Birla Sun Life MNC Fund, Birla Sun Life India GenNext Fund, Birla Sun Life Equity Fund, Birla Sun Life New Millennium Fund, Birla Sun Life Buy India Fund, Birla Sun Life Basic Industries Fund, Birla Sun Life Top 100 Fund, Birla Sun Life International Equity Fund, Birla Sun Life Frontline Equity Fund, Birla Sun Life Special Situations Fund, Birla Sun Life Dividend Yield Plus, Birla Sun Life Freedom Fund and Birla Sun Life ‘95 Fund.

The change is effective from August 3, 2009.

As per the revised provision, an exit load of 1% is applicable for investments less than Rs 5 crore redeemed within three years from date of allotment. No exit load is applicable on redemption of amount equal to and greater than Rs 5 crore.

Previously, an exit load of 1% was applicable for investments less than Rs 5 crore redeemed within 12 months from date of allotment. No exit load was applicable for Investment above Rs 5 crore.