Birla MF Revises Load Structure

Birla Mutual Fund has revised the load structure of Birla Dynamic Bond Fund, an open ended income scheme. With effect from 28 April 2008, the scheme will charge an exit load of 0.20% of applicable NAV for units redeemed/switched out within 30 days from the date of allotment. Earlier the scheme charged an exit load of 2.00% of applicable NAV for units redeemed/switched out within 180 days from the date of allotment.

However there is no change in entry load. As earlier the entry load in the scheme is nil.

The revised load structure will be applicable to all investments made on or after 28 April 2008.