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Birla Bond Plus Declares First Quarterly Dividend

Birla Bond Plus,a short-term debt fund has declared its first quarterly dividend of 1.5 per cent (Rs 0.15 per unit). The record date for the same is February 22, 2002. Launched in November 2001, the fund has posted a total return of 2.05 per cent. While maintaining a portfolio maturity of around 4 months, the fund is up 1.33 per cent on year-to-date basis, as on February 20, 2002.