Birla Sun Life MF revises special products and load structure

14 Apr 2008 | 10:41 Birla Sun Life MF revises special products and load structure
Birla Sun Life Mutual Fund has announced the revision in special products offered by the schemes of Birla Sun Life Mutual Fund with effect from 15 April 2008.

Extension of Systematic Transfer facility to equity schemes:

Systematic Transfer Plan (STP) facility will be available to the schemes mentioned hereunder: Investors can transfer Out investment from any open ended schemes of Birla Sun Life Mutual Fund except Birla Sun Life Tax Relief 96, Birla Equity Plan and Birla Index Fund and transfer In to any open ended schemes except Birla Index Fund.

Extension of Systematic Withdrawal facility to equity schemes:

Systematic Withdrawal Plan (STP) facility will be available to the schemes mentioned hereunder: Investors can avail this facility in all the open-ended schemes of Birla Sun Life Mutual Fund except Birla Sun Life Tax Relief 96, Birla Equity Plan and Birla Index Fund.

Load structure of Systematic Transfer Plan is modified as under:

Existing Provision

Revised Provision

Exit load at the time of transfer out of debt scheme: Nil Entry load at time of transfer in to equity scheme: Entry load as applicable to respective schemes. Exit load at the time of redemption/ repurchase: Exit load as applicable to respective schemes.

Exit load at the transfer OUT: Exit load as applicable to respective schemes. Entry load at the time transfer IN: -No entry load payable if transfer is within the schemes belonging to same fund family. -Entry load as applicable to respective scheme will be payable if the transfer is from scheme belonging to one fund family to another fund family. Exit load at the time redemption: Exit load as applicable to respective schemes.