Birla Sun Life Mutual Fund has announced the declaration of dividend for Birla Fixed Term Plan Quarterly Series 16. The record date is set as 28 August 2007. The quantum of dividend will be 100 % of distributable surplus available on the record date. The NAV for the scheme was recorded at Rs. 10.232 as on 22 August 2007.
Birla Fixed Term Plan Quarterly Series 16 is a close-ended income scheme. The investment objective for plan is to achieve growth of capital by investing in a portfolio of fixed income securities maturing in line with the duration of the scheme. The scheme carry no entry load whereas there will be an exit load of 0.50% if units are redeemed /switched out before maturity.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment