Birla Sun Life Balance Fund has renamed as Birla Sun Life Freedom Fund, which is also an open ended balance scheme. The objective of the scheme will be to balance income requirement with growth of capital through balance mix of investment in equity and debt at relatively moderate levels of risk through a diversified research based investment approach.
The fund managers Mr. Maneesh Dangi & Mr. Vineet Maloo will replace Mr. A. Balasubramanian, the existing fund manager of the scheme. The scheme has increased its entry load to 2.5 per cent, for purchase or switch-in of units less than Rs. 5 crores. The fund has decided to increase in limits of trading in derivative instruments, with effect from 20th April, 2009.
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