Birla Sun Life MF launches Birla Sun Life India Reforms Fund

Birla Sun Life Mutual Fund has launched Birla Sun Life India Reforms Fund. The New Fund Offer (NFO) for the open ended growth scheme opened for subscription today and will close on June 9, 2010. An exit load of 1% of applicable NAV is payable for units redeemed / switched out within 1 year from the date of allotment. For units redeemed / switched out after 1 year from the date of allotment, no exit load is payable. The investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending.