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Monday, August 24, 2009

Birla Sun Life MF Declares Dividend for Enhanced Arbitrage Fund

Record date for dividend is 28 August 2009

Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Birla Sun Life Enhanced Arbitrage Fund. The record date for dividend has been fixed as 28 August 2009.

The fund house has decided to distribute 0.26% i.e. Rs 0.0260 per unit as divided as on the record date. The NAV of retail plan was at Rs 10.0279 per unit and Rs 10.0297 per unit for institutional plan as on 20 August 2009.

Birla Sun Life Enhanced Arbitrage Fund is an open ended equity scheme, with the investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials/ mis-pricing prevailing for stock / index in various market segments (cash & future).

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