Birla Sun Life Mutual Fund has planned to declare dividend under the dividend option of Birla Sun Life Fixed Term Plan- Series BI. The quantum of dividend is 1.70% i.e. Rs 0.17 per unit on record date of 11 May 2009.
The scheme recorded NAV of Rs 10.2940 per unit under retail plan and Rs 10.3112 per unit under institutional plan as on 5 May 2009.
Birla Sun Life Fixed Term Plan - Series BI is a close ended income scheme, launched in October 2008 with an investment objective to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.