Birla Sun Life MF revises load structure

14 Apr 2008 | 11:16 Birla Sun Life MF revises load structure
Birla Sun Life Mutual Fund has announced the revision in the exit load structure for Birla Midcap Fund, Birla Sun Life Frontline Equity Fund, Birla India Gen Next Fund, Birla Top 100 Fund. These changes are proposed to be done with effect from 15 April 2008.

The revised exit load structure is as follows:

Type of Load	Existing	Revised
Entry Load (including for SIP and STP transactions)	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	No change
Exit load	For purchase/switch in of units, less than Rs 5 crore in value, an exit load of 0.50% is payable if units are redeemed/ switch out 6 months from the date of allotment. For purchase/ switch in of units equal to greater than Rs 5 crore in value, no exit load is payable.	For purchase/ switch in of units, less than Rs 5 crore in value, an exit load of 1.00% is payable if units are redeemed/ switched in of out within12 months from the date of allotment. For purchase/ switch in of units, equal to or greater than Rs 5 crore in value, no exit load is payable.

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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.

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Mutual Funds News 14 April 2008

14 Apr 2008 | 09:54

Birla Sun Life MF declares dividend

Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Fixed Term Plan-Series U. The fund house has decided to distribute 100% of surplus available under option as on record date. The record date is set as 17 April 2008.

The NAV for the scheme under retail plan was Rs. 11.1043 and that of under institutional plan was Rs 11.1388 as on 10 April 2008.

Birla Fixed Term Plan-Series U is a close-ended income fund that seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of scheme.

14 Apr 2008 | 14:07

Morgan Stanley A.C.E. Fund re-opens

Morgan Stanley A.C.E. Fund re-opened for fresh transactions on 10 April 2008. The NFO for the fund closed on 11 March 2008.

The NAV currently stands at Rs. 10.129 as on 10 April 2008. Morgan Stanley A.C.E. Fund is an Across Capitalisations Equity Fund or in other words a multi-cap fund. This ensures that the fund portfolio is diversified, with the fund manager choosing sectors and stocks on merit, rather than focus on specific sectors or themes. Morgan Stanley Mutual Fund believes that this strategy is best suited to take advantage of current market opportunities. The fund is benchmarked to the BSE 200.

The fund is being managed by Jayesh Gandhi who has over 12 years experience in investment management and research. In his previous role also, he predominantly managed equity in the multi-cap/mid-cap area.

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Kotak MF launches new FMP

14 Apr 2008 | 14:57

Kotak MF launches new FMP

Name of Fund: Kotak Fixed Maturity Plan 3 month Series 29

Scheme: A close-ended debt scheme. It has maturity of 3 month after the date of allotment.

Investment Options: The scheme offers investors growth option and dividend option under both the plans.

Objective: The objective of the scheme would be to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Fund Opens: 11 April 2008

Fund Closes: 15 April 2008

Face Value: Rs. 10

Minimum Investment Amount: The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter.

Load structure: It may not levy entry load as the scheme is of close-ended nature.

If redemption is done before maturity, 1% an exit load will be charged.

Fund Manager: Mr. Deepak Agrawal

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