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Birla MIP declares dividend

Birla Sun Life Mutual Fund has declared a dividend of Rs 0.080 per unit under it's scheme Birla MIP for the month of June. All unit holders on rolls as on June 28, 2002 will be eligible for the bonus.

Launched in November 2000, the fund has two variants- Dividend Plan and Monthly Payment Plan. The fund has given an annualized return of 6.35 per cent for the year to date as on June 26,2002 which has marginally outperformed the category average.