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Friday, January 23, 2009

Birla Sun Life MF declares dividend for Quarterly interval fund

Record date for dividend is 27 January 2009

Birla Sun Life Mutual Fund has declared dividend in the dividend option under Birla Sun Life Quarterly Interval Fund -Series 7, an interval income fund. The fund house has decided to distribute 100% distributable surplus as dividend on the record date of 27 January 2009 on the face value of Rs 10 per unit.

The scheme recorded NAV of Rs 10.2642 per unit as on 21 January 2009.

Birla Sun Life Quarterly Interval Fund -Series 7 started in February 2008 with an objective to generate regular income through investments in debt and money market instruments.

The Quarterly Interval Fund- Series 7 does not charge an entry load. It does not charge exit load if redemption made on specified transaction period. For redemptions on any day other than specified transaction period it charges 1.00% exit load.

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