Birla Sun Life Mutual Fund has decided to modify the asset allocation and investment pattern of Birla Sun Life Midcap Fund by increasing the cash allocation limits. The changes will be effective from 10 July 2010.
Proposed (Cash) Allocation Limits:
Accordingly the scheme will invest up to 20% of assets in cash, deposits & money market instruments including Mibor linked short term papers.
Existing (Cash) Allocation Limits:
The scheme invests up to 5% of assets in cash, deposits & money market instruments including Mibor linked short term papers.
Unit holders who do not wish to hold units in view of the aforesaid change may exit the scheme from 10 June 2010 to 9 July 2010 without any exit load, at the relevant applicable NAV.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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