Birla Sun Life MF declares dividends

MUMBAI: Birla Sun Life AMC on Monday declared a dividend of 15% (Rs 1.5 per unit on Face Value of Rs 10), under the dividend option of Birla Sun Life Frontline Equity Fund, an open ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.

The AMC also announced a dividend of 15% (Rs 1.5 per unit on Face Value of Rs 10) under the dividend option of Birla Sun Life Midcap Fund, an open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks.

The record date for the dividend is July 31, 2009. All investors registered in the dividend plan of the schemes as on record date will receive this dividend.

The NAV as on July 23 under the dividend plan of Birla Sun Life Frontline Equity Fund was Rs 20.72 and for Birla Sun Life Midcap Fund was Rs 21.4.