Birla Sun Life GSF - Short Term Plan has introduced Daily and Weekly Dividend Options (both with reinvestment facility only) with effect from October 15, 2008. This is an open-ended Gilt Scheme.
New units will be offered at Rs. 10 during the offer, and at the applicable NAV based prices thereafter. Minimum investment amount under the scheme is Rs. 25000, and in case of a SIP, it is Rs. 1000.
The record date for the Weekly dividend option will be Friday of each week.