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Saturday, December 27, 2008

Birla Sun Life MF declares dividend for its two funds

Record date for dividend is 31 December 2008

Birla Sun Life Mutual Fund has declared dividend in the dividend option of Birla Sun Life Monthly Income Fund and Birla Sun Life Dynamic Bond Fund. Record date is set as 31 December 2008.

Birla Sun Life Monthly Income Fund

The fund house has declare the dividend of 2.576% i.e. Rs 0.2576 per unit under quarterly dividend option. The scheme recorded NAV of Rs 10.8107 per unit as on 24 December 2008.

Birla Sun Life Monthly Income, an open-ended income scheme aims to generate regular income so as to make monthly & quarterly distributions to unit holders and growth of capital.

Birla Sun Life Dynamic Bond Fund

Birla Sun Life Dynamic Bond Fund offers dividend amount at 1.90% i.e. Rs 0.1900 per unit under retail plan with quarterly dividend option. The scheme recorded NAV of Rs 11.1075 unit as on 24 December 2008.

Birla Sun Life Dynamic Bond Fund is an open-ended income scheme, with investment objective of to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

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