Birla Sun Life Mutual Fund has approved the declaration of dividend under dividend option of Birla Sun Life Tax Relief 96.The quantum of declaration will be Rs 4 per unit. The record date is March 31, 2011.
Birla Sun Life Tax Relief, launched in March 1996 is an Equity Tax Planning Fund. It has been rated as a 3-star fund as on February 28, 2011. The fund has been ranked number 11 out of 26 funds based on its trailing 5-year performance as on March 25, 2011. This is the 11th dividend declared by the fund since its launch. Prior to this, it declared a dividend of Rs 7 per unit in March 2010.