Birla Sun-Life MF launches Special Situations Fund
Birla Sun-Life MF launches Special Situations Fund Birla Sun-Life Mutual Fund (MF) will launch Birla Sun Life Special Situations Fund, an open-ended diversified equity scheme and filed an offer document with SEBI. The units of the scheme will be available at Rs 10 a unit. The scheme offers growth and dividend plans. Dividend plan will offer payout, reinvestment and sweep facility. The investment objective of the scheme is to generate long-term growth of capital by investing in equity and equity related securities. The scheme would follow an investment strategy that would take advantage of special situations and contrarian investment style. Minimum Application Amount Minimum of Rs 5,000/ - and in multiples of Re 1/ - thereafter during the NFO period and ongoing basis. Entry Load For Purchase of units for less than Rs 50 million in value, the entry load will be 2.25%. Entry load is nil for purchase of units equal or greater than Rs 50 million. Exit Load For amount less than Rs. 50 million in value, an exit load of 0.50% will be levied, if units are redeemed within 6 months from the date of allotment. Exit load will be nil for amount greater than Rs 50 million.
