Birla Sunlife MF Declares Dividend

Birla Mutual Fund has declared dividend in Birla Fixed Term Plan-Quarterly Series 23 dividend option. The record date for dividend is 20 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 10.1847 per unit as on 13 December 2007.

Birla Fixed Term Plan-Quarterly Series 23 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.