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Thursday, March 12, 2009

Birla Sun Life Government Securities Fund announces dividend

Record date for dividend is 16 March 2009

Birla Sun Life Mutual Fund has decided to declare dividend for Birla Sun Life Government Securities Fund. The dividend will be declared under Long and Short Term Plans of the Fund. Dividend will be offered under institutional and retail options of Short Term Plan. The record date for the dividend is 16 March 2009.

Birla Sun Life Government Securities Fund-Long Term Plan:

The fund house has planned to distribute 9.00% i.e. Rs 0.90 per unit as dividend on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.9479 per unit as on 09 March 2009.

Birla Sun Life Government Securities Fund- Short Term Plan:

The fund house has planned to distribute 2.3% i.e. Rs 0.23 per unit as dividend for both retail and institutional plans of the Fund.

The scheme recorded NAV of Rs 10.0000 per unit under retail plan and Rs 10.2794 per unit under institutional plan as on 09 March 2009.

Birla Sun Life Government Securities Fund is an open ended gilt scheme with an objective to seek to provide investors' current income consistent with a portfolio invested 100% in securities issued by government of India or the state government and the secondary objective is capital appreciation.

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