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Closure of acceptance of fresh subscriptions in Aditya Birla Sun Life Tax Plan

Mutual Fund

by Aditya Birla Sunlife Mutual Fund | Mutual Fund | 20 Downloaded

NOTICE IS HEREBY GIVEN THAT, the Board of Directors of Aditya Birla Sun Life Trustee Private Limited (Trustee to Aditya Birla Sun Life Mutual Fund) has decided to discontinue acceptance of fresh subscription/switch-in application(s) in Aditya Birla Sun Life Tax Plan, an Open ended Equity Linked Savings Scheme with a lock-in of 3 years (“the Scheme”) w.e.f. Wednesday, May 02, 2018 (“Effective date”). Accordingly, applications for fresh subscriptions/switch-in received post the cutoff timing on April 25, 2018 will not be processed. Further, no fresh registrations under systematic transactions viz., Systematic Investment Plan ('SIP'), Century SIP ('CSIP') and Systematic Transfer Plan ('STP') will be accepted from the date of the notice and no units will be allotted in the Scheme under SIP, STP and CSIP falling on or after the Effective Date. However, for installments falling due under CSIP/SIP/STP registered prior to the effective date will be processed under respective Plans/Options of the Scheme.

For existing investors / unitholders that are already registered under CSIP/SIP/STP facility under the Scheme, instalments due after the Effective date will be processed under the respective CSIP/SIP/STP facility in Aditya Birla Sun Life Tax Relief '96, an Open ended Equity Linked Savings Schemes with a lock-in of 3 years (“ABSL Tax Relief '96”) under the corresponding Plans/Options. Necessary communication in this regard is being sent to Unitholders. Accordingly, all such fresh units alloted will be subject to terms and conditions of ABSL Tax Relief '96.

All other features and terms & conditions of the Scheme shall remain unchanged.

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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