Birla Income Plus, Gilt Plus dividends

Mumbai: Birla Mutual Fund has declared quarterly dividends under the dividend plans of Birla Income Plus and Birla Gilt Plus. Dividends are being paid to investors whose names appear in the register of unit-holders under the dividend plan of these schemes as on 15 March 2002.

Under the Dividend Plan (Plan A) of Birla Income Plus a tax-free dividend of 3 per cent (Rs 0.300 per unit) has been declared for the quarter ending 15 March 2002. The aggregate dividend distributed for this scheme in the current financial year is 11.69 per cent (Rs 1.169 per unit). With its consistent performance, the scheme has established itself as one of the largest income schemes with assets under management in excess of Rs 2,100 crore.

Under Birla Gilt Plus, in the dividend option, a tax-free dividend of 4.54 per cent (Rs 0.454 per unit) in Liquid Plan, 7.26 per cent (Rs 0.726 per unit) in Investment Plan and 10.89 per cent (Rs 1.089 per unit) in Long Term Plan has been declared for the quarter ended 15 March 2002. The aggregate dividend distributed under the dividend option in the current financial year is 12.78 per cent (Rs 1.278 per unit) in Liquid Plan, 20.27 per cent (Rs 2.027 per unit) in Investment Plan and 27.51 per cent (Rs 2.751 per unit) in Long Term Plan.

With assets under management in excess of Rs 4,400 crore spread across about 3.5 lakh committed investors, Birla Sun Life AMC Ltd 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.