Birla Sun Life MF Declares Dividend For Two Schemes

Birla Sun Life Mutual Fund has approved the dividend under the dividend option of two schemes namely Birla Dynamic Bond Fund and Birla Sun Life Monthly Income Fund.

The fund house has declared a dividend of 3.50% i.e. Rs 0.35 per unit on face value of Rs 10 in its open-ended income scheme - Birla Dynamic Bond Fund. It has also declared a dividend of 2.50% i.e. Rs 0.25 per unit on face value of Rs 10 on its open ended balanced scheme- Birla Sun Life Monthly Income Fund.

The record date for both the scheme has been fixed as 31 December 2007.

The NAV of Birla Dynamic Bond Fund was at Rs. 10.4480 as on 24 December 2007 whereas the NAV of Birla Sun Life Monthly Income Fund was at Rs. 12.0305 as on 24 December 2007.