Birla Sun Life MF Makes Changes To Its Birla Sun Life Cash Manager (31-Aug-2010)
Birla Sun Life Asset Management Company has introduced some changes to the Scheme Information Document (SID) of Birla Sun Life Cash Manager, an open ended income scheme with effect from September 03, 2010.
A daily dividend option (Reinvestment Facility) has been introduced. Further, minimum application amount has been fixed at Rs 10,000 and in multiples of Rs 1 thereafter. For additional purchase (including switch-in), it will be Rs 1000 and in multiples of Rs 1 thereafter.
The investment objective of the scheme is to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns.
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