Birla MF Announces Dividend For FTP Scheme

Birla Sun Life Mutual Fund has come out with the dividend under dividend option of Birla Fixed Term Plan Quarterly Series-12. The record date for the declaration of dividend is 10 July 2007. The AMC plans to distribute entire distributable surplus available on the record date as dividend. The scheme was launched with the objective to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.