Birla Sun Life MF declares dividend in its two schemes
Birla Sun Life Mutual Fund has announced a dividend of 50% (Rs 5 per unit on Face Value of Rs 10), under the dividend option of Birla Sun Life Basic Industries Fund – an open-ended growth scheme with the primary investment objective to generate long-term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies which are often referred to as cyclical companies. (Check out – Recent MF Dividends)
The AMC have also announced a dividend of 10% (Rs 1 per unit on Face Value of Rs 10) under the dividend option of Birla Sun Life Infrastructure Fund, an open ended growth scheme with an objective to provide medium to long-term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India.
The record date for the dividend is June 23, 2009. All investors registered in the dividend plan of the scheme as on June 23, 2009 will receive this dividend. The NAV as on June 19, 2009 under the dividend plan of Birla Sun Life Basic Industries Fund was Rs 28.74 and for Birla Sun Life Infrastructure Fund was Rs 12.07 .