Birla Sun Life Mutual Fund has announced dividend in the dividend option of Birla Sun Life Quarterly Interval Fund-Series 1 The fund house has planned to offer 100% of distributable surplus as dividend on the record date of 3 March 2009 at face value of Rs 10 per unit.
The scheme recorded a NAV of Rs 10.1962 per unit as on 25 February 2009.
Birla Sun Life Quarterly Interval Fund-Series 1 is an interval income scheme with an investment objective to generate regular income through investments in debt and money market instruments.
The Fund does not charge an entry load while it charges 1% exit load for redemptions done other than specified transaction period. For redemption made on specified transaction period, exit load is nil.