Birla Sun Life Mutual Fund has approved the declaration of dividend under dividend option of Birla Sun Life Fixed Term Plan-Series AV, a close ended income scheme. The record date for distribution of dividend is set as 1 June 2009.
The amount of dividend will be up to 100% of distributable surplus as on the record date on face value of Rs 10 per unit. The dividend will be announced for retail and institutional plan.
Retail plan recorded NAV of Rs 10.9220 per unit and institutional plan posted NAV of Rs 10.9389 per unit as on 26 May 2009.
Birla Sun Life Fixed Term Plan-Series AV seeks 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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