Birla Sun Life Mutual Fund has announced a dividend of 40% (i.e. Rs.4.00 per unit on the face value of Rs. 10) under the dividend option of Birla Sun Life Frontline Equity Fund. The record date for the same has been fixed as June 29, 2007.
This is the sixth dividend being declared by the fund since its inception. Earlier in August 2006, the fund paid 60% dividend.