Birla Sun Life Mutual Fund has approved 28 May 2008 as the record date for deceleration of dividend in Birla Dynamic Bond Fund. The fund house has declared dividend up to 0.80% (Rs 0.08 per unit on the face value of Rs 10) under retail plan of the scheme with quarterly dividend option. The final rate of dividend on units will be declared based on availability of distributable surplus, on the record date.
The scheme recorded unit NAV of Rs 10.5883 as on 22 May 2008. After the payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.
Birla Dynamic Bond Fund is an open-ended income scheme with an investment objective of generating optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market Instruments.
The scheme recorded unit NAV of Rs 10.5883 as on 22 May 2008. After the payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.
Birla Dynamic Bond Fund is an open-ended income scheme with an investment objective of generating optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market Instruments.
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