Birla Sunlife Mutual Fund Declares dividends for 2 Schemes
Birla Sunlife Mutual Fund has declared dividends for 2 schemes under dividend option. The details are:
- Birla Sunlife Equity Fund
- Birla Sunlife Tax Plan
The quantum of dividend for Birla Sunlife Equity Fund is Rs 3 per unit on the face value of Rs 10 and the quantum of dividend for Birla Sunlife Tax Plan is Rs 1 per unit on the face value of Rs 10. The record date for the dividends for both the schemes is 20-May-2011.
About the Schemes:
Birla Sunlife Equity Fund:
Type of the Scheme: Open Ended Growth Scheme
Investment Objective:
The main investment objective is to generate long term capital appreciation by investing in a portfolio of investments with equity investments being the major investment part of around 90% and the rest of 10% in debt instruments.
Birla Sunlife Tax Plan:
Type of Scheme: Open Ended Equity Linked Savings Scheme
Investment Objective:
The main investment objective is to generate long term capital appreciation along with Income Tax Relief under Section 80C of Income Tax Act.
Happy Investing!!
