Date : Mar-05-2009
Birla Sun Life Mutual Fund has introduces the Discipline Advantage Plan under Birla Sun Life Income Plus and Birla Sun Life Income Funds with effect from March 4, 2009. The investor under the Discipline Advantage Plan may systematically transfer his investments from the schemes to any of the eligible equity schemes like Birla Sun Life Frontline Equity Fund as well as Birla Sun Life Midcap Fund, Birla Sun Life Top 100 Fund, Birla Sun Life Equity Fund, Birla Sun Life Infrastructure Fund and Birla Sun Life Tax Relief'96.
The sum of transfer amounts as per the frequency opted or Rs 10,000 whichever is higher. In the weekly Transfer - 5 transfers for Rs 1000 each while in Fortnightly Transfer - 6 transfers for Rs 1000 each, Monthly Transfer - 6 transfer for Rs 1000 each and Quarterly Transfer- 4 transfers for Rs 2000 each. However, in the Weekly Transfer - transfers shall be on 1st as well as 7th, 14th, 21st and 28th of each month. For Fortnightly Transfer - 1st and 14th of each month and for the Monthly and Quarterly Transfer - transfer can be on 1st or 7th or 10th or 14th or 21st or 28th of every month/ quarters as applicable.
However, no entry load will be charged for the Discipline Advantage Plan while an exit load 2.50% will be charged for units redeemed/switched out to any scheme other than the eligible equity schemes within 2 years from the date of allotment.
Birla Sun Life Mutual Fund has introduces the Discipline Advantage Plan under Birla Sun Life Income Plus and Birla Sun Life Income Funds with effect from March 4, 2009. The investor under the Discipline Advantage Plan may systematically transfer his investments from the schemes to any of the eligible equity schemes like Birla Sun Life Frontline Equity Fund as well as Birla Sun Life Midcap Fund, Birla Sun Life Top 100 Fund, Birla Sun Life Equity Fund, Birla Sun Life Infrastructure Fund and Birla Sun Life Tax Relief'96.
The sum of transfer amounts as per the frequency opted or Rs 10,000 whichever is higher. In the weekly Transfer - 5 transfers for Rs 1000 each while in Fortnightly Transfer - 6 transfers for Rs 1000 each, Monthly Transfer - 6 transfer for Rs 1000 each and Quarterly Transfer- 4 transfers for Rs 2000 each. However, in the Weekly Transfer - transfers shall be on 1st as well as 7th, 14th, 21st and 28th of each month. For Fortnightly Transfer - 1st and 14th of each month and for the Monthly and Quarterly Transfer - transfer can be on 1st or 7th or 10th or 14th or 21st or 28th of every month/ quarters as applicable.
However, no entry load will be charged for the Discipline Advantage Plan while an exit load 2.50% will be charged for units redeemed/switched out to any scheme other than the eligible equity schemes within 2 years from the date of allotment.
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