Birla Sunlife Mutual Fund has announced monthly dividend in its Monthly Income Plan (MIP) and Bond Plus. The record date for the payment of dividend is May 31, 2002.
In Birla MIP, a dividend of 0.8 per cent (Re 0.08 per unit) has been declared under both Monthly Dividend option and Monthly Payment option. It is the lowest dividend declared by the fund in the current calendar (2002). However, the fund has a track record of uninterrupted dividend every month.
Birla Bond Plus, a short-term debt fund has announced its fourth dividend of 0.5 per cent (Re 0.05 per unit). The fund paid its first dividend of 1.5 per cent in February 2002. Since then the fund has paid two consecutive dividend of 0.5 per cent each.