Birla Mutual Fund has announced the introduction of an Annual Dividend option in all the three plans of Birla Gilt Plus - Liquid, PF and Regular.
This option will commence from July 29, 2003. Existing unit holders in the Growth option of the respective plans will be entitled to opt for the Annual Dividend option for their investments. The investors may opt for payout or reinvestment under the Annual Dividend option. The NAV of the Growth option on July 29, 2003 would be the purchase price for the units of the Annual Dividend option under the respective plans of the scheme.
The minimum application amount for the annual dividend option is Rs 5000, and the minimum additional investment is Rs 1000.