The Trustees of Birla Sun Life Mutual Fund have approved Friday, October 15, 2010#, as the record date for declaration of dividend, subject to availability of distributable surplus, under Dividend Option of Birla Sun Life 95 Fund-Plan A @ 75% i.e. (*) Rs 7.50/- per unit on face value of Rs. 10/- per unit.
The NAV of the shceme was Rs.125.93 as on October 11, 2010.
After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any. Dividend distribution is subject to availability of distributable surplus.
All unitholders whose names appear in the Register of Unitholders under the dividend plan of the said schemes as at the close of business hours on the Record Date shall be eligible to receive the dividend so declared.
* Considering the volatile nature of markets, Board of Trustees reserves the right to restrict the quantum of dividend upto, the per unit distributable surplus available on the record date in case of fall in market.
# If in any case the Record Date falls on a non-business day, the immediately following business day shall be deemed to be the Record Date.