Birla Sun Life Mutual Fund is changing a feature of the Birla Sun Life Index Fund, India Infoline reports. The cut off timing for applicability of Net Asset Value (NAV) in respect of valid Subscription / Purchase, including Switch-In request will be changed.

As per the changes, valid applications for subscriptions / purchases below $2,242, received till 15:00 will get the closing NAV of the day on which the application is received. The modification is effective from July 1, 2011.

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