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Friday, June 19, 2009

Birla Sun Life Basic Industries Fund declares 50% dividend

Record date for dividend is 23 June 2009

Birla Sun Life Mutual Fund has announced dividend under the dividend option of Birla Sun Life Basic Industries Fund, an open-ended growth fund. The record date for distribution of dividend is set as 23 June 2009.

The fund house has decided to declare a dividend of 50% (i.e. is Rs 5.00 per unit) on the face value of Rs 10 per unit. The scheme has recorded a NAV of Rs 29.13 per unit as on 17 June 2009.

The investment objective of the scheme is to generate long-term growth of capital through a portfolio with a target allocation of 100% equity, focussing on investing in Companies sensitive to economic cycles and commodity pricing cycles.

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