Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Fixed Term Plan-Series U. The fund house has decided to distribute 100% of surplus available under option as on record date. The record date is set as 17 April 2008.
The NAV for the scheme under retail plan was Rs. 11.1043 and that of under institutional plan was Rs 11.1388 as on 10 April 2008.
Birla Fixed Term Plan-Series U is a close-ended income fund that seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of scheme.
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