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Friday, May 29, 2009

Birla Sun Life MF declares dividend in quarterly interval fund

Record date for dividend is 2 June 2009

Birla Sun Life Mutual Fund has approved the declaration of dividend under the dividend option of Birla Sun Life Quarterly Interval Fund –Series 1. The fund house has decided to distribute 100% of distributable surplus as dividend on the record date of 2 June 2009.

The scheme recorded NAV of Rs 10.0578 per unit as on 27 May 2009.

Birla Sun Life Quarterly Interval Fund –Series 1 is an interval income scheme with an investment objective to generate regular income through investment in debt and money market instruments. The fund does not ask entry load. For redemptions made on Specified Transaction Period, the fund does not charge exit load while for redemptions on any day other than Specified Transaction Period the scheme levies 1% exit load.

Birla Sun Life Mutual Fund has grabbed two awards in CNBC-TV18 – CRISIL Mutual Fund of the Year Awards 2009. The fund house has been honored as Mutual Fund House of the Year and Debt Mutual Fund House of the Year.

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