Birla Sun Life Mutual Fund has decided to change the name, fund manager and entry load structure of Birla Sun Life Balance and it also decided to increase in limits of trading in derivative instruments by the scheme, with effect from 20 April 2009.
i) The fund name of Birla Sun Life Balance fund has renamed as Birla Sun Life Freedom Fund. And the fund managers Maneesh Dangi & Vineet Maloo will replace A. Balasubramanian, the existing fund manager of the scheme.
ii) As per the revision, the scheme has increased its entry load to 2.50% from 2.25%, for purchase/switch-in of units less than Rs 5 crore in value and no charges will be levied for the purchase/ switch in of units equal to or greater than Rs 5 crore in value. And no change in the exit load structure of the scheme.
Currently the scheme is charging an exit load of 1.00%, for purchase/ switch-in of units less than Rs 5 crore in value, if redeemed/ switched out within 12 months from the date of allotment. For purchase/switch in of unit equal to or greater than Rs 5 crore in value, no exit load is payable.
i) The fund name of Birla Sun Life Balance fund has renamed as Birla Sun Life Freedom Fund. And the fund managers Maneesh Dangi & Vineet Maloo will replace A. Balasubramanian, the existing fund manager of the scheme.
ii) As per the revision, the scheme has increased its entry load to 2.50% from 2.25%, for purchase/switch-in of units less than Rs 5 crore in value and no charges will be levied for the purchase/ switch in of units equal to or greater than Rs 5 crore in value. And no change in the exit load structure of the scheme.
Currently the scheme is charging an exit load of 1.00%, for purchase/ switch-in of units less than Rs 5 crore in value, if redeemed/ switched out within 12 months from the date of allotment. For purchase/switch in of unit equal to or greater than Rs 5 crore in value, no exit load is payable.
No comments:
Post a Comment