Birla Sun Life mutual fund has approved following changes in Birla Sun Life Infrastructure Fund with effect from 29 May 2009.
Classification of plan:
The dividend plan and growth plan offered under the scheme are renamed and classified into Plan A. The pan A under the scheme will have growth and dividend option. Dividend option will offer payout, reinvestment, sweep facilities.
Introduction of new plan:
The Birla Sun Life Infrastructure Fund will introduce Plan B with effect from 29 May 2009. The pan B under the scheme will have growth and dividend option. Dividend option will offer payout, reinvestment, sweep facilities.
The offer price will Rs 10 each at par on 29 May and at applicable NAV based prices thereafter.
The minimum application amount will be Rs 5 lakh and in multiples of Re 1 thereafter.
The plan B will not levy entry load.
For purchase / switch in of units, less than Rs 5 crore in value, an exit load of 1% is payable if units are redeemed / switched out within 12 months from the date of allotment. For purchase/ switch in of units, equal to or greater than Rs 5 crore in value, no exit load is payable.
The new plan introduced under the scheme will have the same investment objective, portfolio and liquidity as that of existing plan of the scheme.
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