Birla MF declares dividend in Birla MIP and Birla Bond Plus

Our Markets Bureau
24 October 2002

Birla 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.

With 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.