Birla Mutual Fund has declared dividend in Birla Fixed Term Plan-Quarterly Series 21 dividend option. The record date for dividend is 6 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 10.20 per unit as on 3 December 2007. Birla Fixed Term Plan-Quarterly Series 21 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.
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