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Thursday, August 27, 2009

Birla Sun Life Mutual Fund Declares Dividend for Tax Relief '96

Record date for dividend is 31 August 2009

Birla Sun Life Mutual Fund has announced dividend under dividend option of Birla Sun Life Tax Relief '96. The record date for the declaration of dividend is 31 August 2009.

The quantum of dividend is 40% i.e. Rs 4.00 per unit on the record date on face value of Rs 10 per unit. The NAV of the scheme was at Rs 78.41 per unit as on 25 August 2009.

Birla Sun Life Tax Relief '96 an open ended equity linked savings scheme with a lock-in of 3 years with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities.

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