Birla Sun Life Mutual Fund has revised load structure in Birla Sun Life Short Term Fund with effect from January 12, 2009. It is an open ended short term income scheme.
The revised structure:
Entry load: No change
Exit load: An exit load of 0.25% of applicable NAV For units redeemed/switched out within 7 days from the date of allotment-.
However on the other hand, the existing structure:
Entry load: Nil
Exit load: : An exit load of 0.25% is payable, for purchase/switch-in of units, less than or equal to Rs 100 crore in value, if units are redeemed / switched-out within 21 days from the date of allotment. However, an exit load of 0.25% is payable for purchase/switch-in of units, greater than Rs 100 crore in value, if units are redeemed / switched-out within 15 days from the date of allotment
The revised structure:
Entry load: No change
Exit load: An exit load of 0.25% of applicable NAV For units redeemed/switched out within 7 days from the date of allotment-.
However on the other hand, the existing structure:
Entry load: Nil
Exit load: : An exit load of 0.25% is payable, for purchase/switch-in of units, less than or equal to Rs 100 crore in value, if units are redeemed / switched-out within 21 days from the date of allotment. However, an exit load of 0.25% is payable for purchase/switch-in of units, greater than Rs 100 crore in value, if units are redeemed / switched-out within 15 days from the date of allotment
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