Birla Mutual Fund schemes are felicitated with awards by two credit rating agencies

23 February, 2005

Birla Mutual Fund schemes have won six awards for their performance in two of the most prestigious awards ceremonies.

Birla Income Plus Plan B was among the two schemes that won the CNBC TV18 - Crisil Mutual Fund of the year award in the open-ended income funds category. And Birla Bond Plus - Retail was among the two schemes that won the CNBC TV18 - Crisil Mutual Fund of the Year Award in the open-ended income - short term funds category.

Meanwhile, in the ICRA Online Mutual Fund Awards 2005, Birla India Opportunities Fund has been ranked ICRA MFR 1 in the open-ended sectoral schemes - technology category for its three year performance till 31 December 2004. The rank indicates performance within the top 10 per cent of this particular category.

Among the other schemes, Birla Income Plus has been ranked ICRA MFR 1 in the open ended debt schemes - long term category for its three year performance till 31 December 2004. The rank indicates performance within the top 10 per cent of the stated category. Birla Gilt Plus Liquid Plan has been ranked ICRA MFR 1 in the category open ended gilt schemes - short term for its one year performance till 31 December 2004. The rank indicates performance within the top 10 per cent of the stated category.

And Birla Gilt Plus Liquid Plan has been ranked ICRA MFR 1 in the category open ended gilt schemes - short term for its three year performance till 31 December 2004. The rank indicates performance within the top 10 pr cent of the stated category.

Mr. S V Prasad, CEO, Birla Mutual Fund said, "Birla Mutual Fund follows a disciplined approach of investing in companies with sound fundamentals, robust managements and good corporate governance. e also have a dedicated fund management team operating within a framework of proven processes which enables us continue our pursuit of excellence and endeavor to win awards year after year."

Birla Sun Life Asset Management Company Ltd: (BSLAMC) the investment managers for Birla Mutual Fund is a joint venture between the Aditya Birla Group and Sun Life Financial Services of Canada. With total assets under management of over Rs 11,000 crore (including domestic assets, offshore assets ), BSLAMC has consistently endeavored to provide investors with superior risk adjusted returns in a family of funds, which include diversified and focused equity schemes, balanced and monthly income funds, and a wide range of investment schemes designed to cater to every need of the investor.

Constitution: Birla Mutual Fund (BMF), has been set up as a trust under the Indian Trust Act, 1882. Sponsors: Sun Life (India) AMC Investments Inc. and Birla Global Finance Ltd. (liability restricted to seed corpus of Rs. 1 lakh) Trustee: Birla Sun Life Trustee Co. Pvt. Ltd. Investment Manager: Birla Sun Life Asset Management Company Ltd.

Risk Factors: Mutual Funds and securities investments are subject to usual risks associated with capital and money market instruments. There can be no assurance that the funds objectives will be achieved. As with any investment in securities, the NAV of the units issued under the schemes can go up or down depending on the factors and forces affecting the securities markets. Past performance of BMF does not guarantee the future performance of the schemes of BMF and does not form a basis of comparison with other investments. The names of schemes do not in any manner indicate either the quality of the schemes, their future prospects or returns.

Scheme Objective:

Birla India Opportunities Fund: An Open-ended Growth Scheme to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing services and manufactured goods; Leverage India's large population of English speaking people for providing services. Entry load: For Purchase / Lateral shifts in of units equal to or less than Rs. 2 crore in value, an Entry load of 2.25 per cent is applicable. For Purchase / Lateral shifts in of units equal to or greater than Rs. 2 crore and less than Rs. 5 crore in value, an entry load of 0.50 per cent is applicable. For purchase / lateral shifts in of units equal to or greater than Rs. 5 crore in value, no entry load is applicable. Exit load: Nil.

Birla Gilt Plus (Liquid Plan): An open-ended government securities scheme to generate income and capital appreciation through investments exclusively in government securities. Entry load: Nil. Exit load: Nil.

Birla Income Plus: An open-ended income scheme to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. Entry load: Nil. Exit load: For purchase/lateral shift in/of units, up to and including Rs. 10 laks in value, an exit load of 0.60 per cent is payable if units are redeemed/lateral shifted out within 180 days from the date of allotment. For purchase/lateral shift in/of units, greater than Rs.10 lakh in value, no exit load is payable.

Birla Bond Plus: An open-ended short term income scheme to generate regular returns through investments in debt and money market securities. Entry load: Nil. Exit load: Nil. Liquidity: The schemes offer NAVs, subscription and redemptions on all business days. For details and scheme specific risk factors read offer documents and refer to your financial advisor before investing.

For more information please contact:
Mr. Vikaas M Sachdeva
Vice President - Marketing and Communications
Tel: 5692 8004 (Direct), 5692 8000 (Board)
Fax: 5692 8110/5 692 8111
* Past performance is no guarantee of future returns