Exit Load changes for Birla Sunlife Mutual Funds Equity Schemes
This might be a bit old news but Birla Sunlife Mutual Fund has changed its exit load structure for its Equity schemes - Birla Sun Life Equity Fund, Birla Sun Life Frontline Equity Fund, Birla Mid Cap Fund, Birla Sun Life’95, Birla India Genext Fund and Birla Top 100 Fund.
As per the new structure, there will be an exit load of 0.5% for investments that are less than six months old on investments that are less than Rs. 5 crores. The entry loads remain unchanged.
This move is may be to ensure that investors does not keep moving out of funds. This gives the fund manager to invest in the stocks and hold them for sometime before returns keep coming.
Add commentJuly 4th, 2007