Birla Sun Life MF has approved August 31, 2009 as the record date for declaration of dividends under the dividend option of Birla Sun Life Tax Relief '96. The quantum of the declaration will be 40 per cent or Rs 4 per unit.
Birla Sun Life Tax Relief '96 is an equity linked savings scheme (ELSS) and involves a mandatory lock-in of 3 years from the date of investment. The NAV of the dividend option as on August 26, 2009 is Rs 78.82 per unit.
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