Birla Sunlife MF declares dividend

Birla Mutual Fund has declared dividend in Birla Fixed Term Plan-Quarterly Series 22 dividend option. The record date for dividend is 13 December 2007. The fund house has announced that 100% of the distributable surplus available on the record date will be distributed as dividend. The scheme had NAV of Rs 10.19 per unit as on 6 December 2007.

Birla Fixed Term Plan-Quarterly Series 22 is a closed end income scheme 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.