Friday, May 22, 2009

Birla Sun Life MF Introduce Generate Capacity - May 22, 2009

Birla Sun Life Mutual Fund has introduced new facility called "Trigger Facility" in the growth option of Birla Sun Life Frontline Equity Fund, with effect from May 22, 2009. Under this facility, the investor can choose a specific % target return, which, if achieved, the gain/fund value (as opted by the investor) shall be switched to the growth option of the debt scheme selected by the investor from the options provided.

This facility is being made available for the transaction made through electronic mode only. The trigger levels are 15%, 30%, 50% & 100% gain from average cost of acquisition of the units in the scheme.

Trigger Switch options: The gain amount or the whole invested amount with gain in the scheme to debt scheme selected by investor. The minimum application amount criteria for debt schemes will not be applicable for the switches.

Debt Schemes: Birla Sun Life Savings Fund-Retail Plan-Growth option, Birla Sun Life Short Term Fund-Retail Plan-Growth Option, Birla Sun Life Dynamic Bond Fund-Retail Plan-Growth Option, Birla Sun Life Cash Plus-Retail Growth

Default trigger/scheme: The default trigger level - 15%, Default debt scheme for switch -in - Birla Sun Life Savings Fund- Retail Plan-Growth Option.

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