Birla Sun Life Mutual Fund has proposed to revise the exit load structure of Birla Sun Life Dynamic Bond Fund, an open-ended income scheme, with effect from 30 June 2009. According, for purchase/switch in of units less than Rs 5 crore in value, exit load will be 0.50% of applicable NAV if redeemed/switched out within 180 days from the allotment and 0.10% if redeemed/switched out between 181 days and 270 days from the allotment.
For purchase/switch in of units equal to or greater than Rs 5 crore in value, the fund will levy an exit load of 0.50% if redeemed/switched out within 30 days.
Earlier, for purchase/switch in of units less than Rs 5 lakh in value, exit load will be 0.50% of applicable NAV if redeemed/ switched out within 6 months.
For purchase/switch in of units equal to or greater than Rs 5 lakh but less than Rs 5 crore in value, the fund will levy exit load of 0.50% if redeemed/ switched out within 3 months.
For purchase of units equal to or greater than Rs 5 crore in value, 0.50% will be the exit load if redeemed/switched out within 1 month from the date of allotment. There is no change in entry load. As earlier the entry load of the scheme is nil.
For purchase/switch in of units equal to or greater than Rs 5 crore in value, the fund will levy an exit load of 0.50% if redeemed/switched out within 30 days.
Earlier, for purchase/switch in of units less than Rs 5 lakh in value, exit load will be 0.50% of applicable NAV if redeemed/ switched out within 6 months.
For purchase/switch in of units equal to or greater than Rs 5 lakh but less than Rs 5 crore in value, the fund will levy exit load of 0.50% if redeemed/ switched out within 3 months.
For purchase of units equal to or greater than Rs 5 crore in value, 0.50% will be the exit load if redeemed/switched out within 1 month from the date of allotment. There is no change in entry load. As earlier the entry load of the scheme is nil.
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