Birla Sun Life Mutual Fund has revised the load structure with effect from 20 October 2008 in respect of Systematic Investment Plan (SIP) and Systematic Transfer Plan transaction for the following schemes: Birla Sun Life Equity Fund, Birla Sun Life Infrastructure Fund, Birla Sun Life 95 Fund and Birla Sun Life Special Situation Fund. The existing load structure is: Entry Load: Nil Exit Load: For units redeemed/switched out within 24 months from the date of allotment, an exit load of 2.25% is payable. The revised load structure is: Entry Load: For purchase/switch-in of units less than Rs 5 crore in value: 2.25%. For purchase/switch-in of units equal to or greater than Rs 5 crore in value: Nil. Exit Load: For units less than Rs 5 crore in value an exit load of 1% is payable if units are redeemed/switched out within 12 months from the date of allotment. For units equal to or greater than 5 crore in value no exit load is payable. |
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