Birla Sun Life Mutual Fund has declared dividend under the dividend plan of Birla Sun Life Midcap Fund. The record date for the dividend is set as 31 July 2009.
The fund house has declared Re 1.50 per unit i.e. 15% on the face value of Rs 10 per unit as dividend on the record date. The scheme recorded NAV of Rs 21.47 per unit as on 23 July 2009.
Birla Sun Life Midcap Fund is an open ended growth scheme, with an investment objective of long term growth of capital at controlled level of risk by investing primarily in 'Mid-Cap' stocks.