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Birla Cash Plus Declares Dividend


Birla Cash Plus, the first short-term debt fund has declared a weekly dividend of 0.15 per cent (Rs 0.015 per unit). The record date for the same was March 01, 2002. Launched in June 1997, the fund has been a consistent performer despite its growing size. Its corpus has increased three-fold in the last one year. Currently, the fund has an asset base of Rs 936.47 crore, as on January 31, 2002. The fund invests in a mix of commercial papers, treasury bills and high quality debentures besides holding a chunk of the corpus in call money.