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Declaration


The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Birla Sun Life Mutual Fund (BSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.

By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Birla Sun Life Mutual Fund / Birla Sun Life Asset Management Company Limited (BSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of BSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.

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Systematic Withdrawal Plan (SWP)


A Systematic Withdrawal Plan (SWP) is a facility that allows an investor to withdraw money from an existing mutual fund at predetermined intervals.
A Systematic Withdrawal Plan (SWP) is a facility that allows an investor to withdraw money from an existing mutual fund at predetermined intervals. The money withdrawn through a systematic withdrawal plan can be reinvested in another fund or retained by the investor in cash.

 

    When is a SWP generally used?

    Systematic withdrawal plans are used by investors to create a regular flow of income from their investments. Investors looking for income at periodical intervals for e.g. funding a travel plan during the childrens' summer vacations, also set up their withdrawals in such a way that the cash is available when most required.

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    What makes SWP a wise strategy?

    • Withdrawals (also referred to as "redemption") attract no Tax Deducted at Source
      Please note that       Capital Gains Tax will chargeable on the withdrawn amount.
    • SWP can be set up to withdraw only the appreciation made on a particular investment. In this way your capital stays invested while you continue to enjoy the gains periodically.
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    SWP is available in two options:

    Fixed Withdrawal: Where you specify amounts you wish to withdraw from your investment on a monthly/quarterly basis.
     
    Appreciation Withdrawal: Where you can withdraw your appreciated amount on a monthly/quarterly basis.
     
    Post-dated warrants sent to investors are dated 1st of every month.

     

    Investment Plan

    Details SWP - Fixed Withdrawal SWP - Appreciation Withdrawal
    Available Schemes Birla Sun Life Dynamic Bond Fund, Birla Sun Life Gilt Plus, Birla Sun Life Income Plus, Birla Sun life Monthly Income Plan II series 5,Birla Sun Life Government Securities Fund, Birla Sun Life Income Fund. Birla Sun Life Dynamic Bond Fund, Birla Sun Life Gilt Plus, Birla Sun Life Income Plus, Birla Sun life Monthly Income Plan II series 5,Birla Sun Life Government Securities Fund, Birla Sun Life Income Fund.
    Objective Allow investors of growth plan to withdraw fixed amount at regular interval. Allow investors of growth plan to withdraw 90% of the appreciation amount at regular interval.
    Withdrawal option Fixed Amount Appreciation Amount
    Withdrawal amount Min Rs. 500 & in multiples Rs. 1 90% of Appreciation Amount in that month/ quarter, subject to a minimum payout of Rs. 500. If the so derived withdrawal amount is < Rs. 500, no SWP for that month, to be added to next month's/Quarter's SWP amount.
    Frequency of withdrawal allowed Quarterly/Monthly Quarterly/Monthly
    No. of withdrawal (minimum) Quarterly-4/Monthly-6 Quarterly-4/Monthly-6
    Submission of request by Direct credit of SWP 25th of month Available 25th of month Available
    Mode of payment Warrants issued at requested frequency. Warrants issued at requested frequency.
    Termination of request 5 Days Advance request 5 Days Advance request
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Declaration


The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Birla Sun Life Mutual Fund (BSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.

By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Birla Sun Life Mutual Fund / Birla Sun Life Asset Management Company Limited (BSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of BSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.