Birla Sun Life MF declares dividend in 2 Schemes

Birla Sun Life Mutual Fund has declared dividend under the dividend option of Birla Sun Life Equity Fund and Birla Sun Life Tax Plan. The quantum of dividend is Rs 3 per unit and Rs 1 per (on Face Value of Rs.10) respectively.

The record date for dividend has been fixed as May 20, 2011.  All investors registered in the Dividend Plan of the above schemes as on May 20, 2011 will receive the dividend. The NAVs of the scheme as on May 13, 2011 under the dividend option was Rs 66.71 and RS 45.52 respectively. (Check out -Recent MF Dividends)

Birla Sun Life Equity Fund, is an open-ended Growth Scheme with the objective of long-term growth of capital through a portfolio with a target allocation of 90% equity and 10% debt and money market securities.

Birla Sun Life Tax Plan is an open-ended ELSS scheme. The investment objective of the scheme is to achieve long term growth of capital along with income tax relief for investments.