Mumbai: Birla Sun Life Mutual Fund has revised the exit load structure in Birla Dynamic Bond Fund with effect from February 9, 2011. The fund house will charge 0.50 per cent as exit load if units are redeemed within 180 days from the date of allotment.
The scheme earlier charged 0.50 per cent as exit load if units were redeemed within 180 days from the date of allotment and 0.20 per cent as exit load if units were redeemed after 180 days but on or before 270 days from the date of allotment.
Birla Sun Life Dynamic Bond Fund is an open ended income scheme with the investment objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments. The scheme is managed by Maneesh Dangi and is benchmarked against CRISIL Composite Bond Fund Index.
