Birla Sun Life Mutual Fund has announced a maiden dividend of 20% (i.e. Rs 2.00 per unit on the face value of Rs. 10) under the dividend option of Birla India GenNext Fund. The record date for the same has been fixed as June 19, 2007.
This open-ended equity fund was launched in June 2005 and has delivered a return of 34.30% so far.