Birla Sun Life Mutual Fund has announced dividend in the dividend option of Birla Sun Life Tax Plan. The fund house has planned to offer 45% i.e. Rs 4.5 per unit on face value of Rs 10 per unit. The record date has fixed on 20 March 2009.
The scheme recorded a NAV of Rs 29.87 per unit as on 12 March 2009.
Birla Sun Life Tax Plan is an open-ended equity linked savings scheme with lock in of 3 years. The investment objective of the scheme is to achieve long term growth of capital along with income tax relief for investments.
The Fund does not charge exit load while it charges 2.25% as entry load for purchase/switch in of units less than Rs 5 crore. It carries no entry load for purchase of units greater than or equal to Rs 5 crore.
The scheme recorded a NAV of Rs 29.87 per unit as on 12 March 2009.
Birla Sun Life Tax Plan is an open-ended equity linked savings scheme with lock in of 3 years. The investment objective of the scheme is to achieve long term growth of capital along with income tax relief for investments.
The Fund does not charge exit load while it charges 2.25% as entry load for purchase/switch in of units less than Rs 5 crore. It carries no entry load for purchase of units greater than or equal to Rs 5 crore.
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