Birla Sun Life Asset Management Company has declared
a monthly dividend in Birla MIP (an open-ended income
scheme with no assured returns) and Birla Bond Plus (a
short-term debt scheme).
MIP, under the monthly dividend plan (plan A) and the
monthly payment plan (plan B), has declared a dividend
/ payment of
0.70 per cent (Re 0.070 per unit, i.e. 8.40 per cent annualised),
while Birla Bond Plus, under its dividend plan (plan A),
has declared a dividend of 0.65 per cent (Re 0.065 per
unit, i.e. 7.80 per cent annualised).
The record date
for the dividend is Friday, 25 October 2002. All unit-holders
under the monthly dividend plan (plan A) and the monthly
payment plan (plan B) of Birla MIP and the dividend plan
(plan A) of Birla Bond Plus as on the record date will
be eligible for dividend / payment.
With an unbroken
history of monthly payments since February 2001, Birla
MIP has distributed a total dividend of Rs 1.113 per unit
(11.13 per cent) under the monthly dividend plan (plan
A) and a total payment of Rs 1.236 per unit (12.36 per
cent) under the monthly payment plan (plan B) during the
financial year 2001-02. Birla Bond Plus, launched in November
2001, has distributed a dividend of Re. 0.20 per unit
(2.0 per cent) in the financial year 2001-02.
assets under management in excess of Rs 5,300 crore, including
two offshore schemes, spread across about 3.5 lakh committed
investors, Birla Sun Life AMC has consistently endeavoured
to provide investors with superior risk-adjusted returns
in a family of funds, which include diversified and sector-specific
equity schemes, balanced and monthly income funds, and
a wide range of debt and treasury products.