Monday, July 27, 2009

Birla Sun Life Mutual Fund Changes In Birla Sun Life Medium Term Plan - July 27, 2009

Birla Sun Life Mutual Fund has decided to withdraw Daily Dividend Option offered under Retail and Institutional Plan in Birla Sun Life Medium Term Plan with effect from 27 July 2009. Accordingly no fresh applications under Daily Dividend Option of the scheme shall be accepted on and from 27 July 2009.

Existing investors under this option will continue to be honored as per the features as defined in scheme information document.

Birla Sun Life Medium Term Plan is an open ended income scheme with the primary investment objective to generate regular income through investments in debt and money market instruments in order to make regular dividend payments to unitholders and secondary objective is growth of capital.

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