Birla Sun Life MF revises load structure

Birla Sun Life Mutual Fund has revised the load structure in Birla Sun Life Medium Term Plan, an open ended income scheme, effective from July 23, 2009.

As per the revised structure the entry load is Nil and the exit Load is Nil. As per the existing structure, the entry load for purchase/switch in of units, the scheme charges an entry load of 0.50% of the applicable NAV. The exit Load- For Units redeemed / switched within 12 months from the date of allotment, the scheme charges an exit load of 1.00% of applicable NAV. For units redeemed switched out after 12 months from the date of allotment, the scheme will not charge any exit load (including for SIP).

The primary investment objective of the scheme is to generate regular income through investments in debt as well as money market instruments in order to make regular dividend payments to unitholders & secondary objective is growth of capital.