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Thursday, March 12, 2009

Birla Sun Life MF declares dividend under Short Term Opportunities fund

Record date for dividend is 16 March 2009

Birla Sun Life Mutual Fund has decided to declare dividend for Birla Sun Life Short Term Opportunities Fund. The Fund will offer dividend under institutional plan and retail plan. The record date for the dividend is 16 March 2009.

The Fund will distribute 2.30% i.e. Rs 0.23 per unit as dividend under both retail and institutional option on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.3788 per unit and Rs 10.1127 per unit under retail and institutional option, respectively as on 09 March 2009.

Birla Sun Life Short Term Opportunities Fund is an open ended income scheme with an objective to generate regular income by investing primarily in investment grade fixed income securities / money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating.

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