
Birla Mutual Fund has introduced additional dividend options (Weekly and Fortnightly) in Institutional Dividend Plan and Institutional Dividend Premium Plan of Birla Cash Plus.
Currently, a daily dividend option is available in Institutional Dividend Plan while daily and monthly dividend options are available in Insitutional Dividend Premium Plan.
The additional options will be effective from May 26, 2004. Both, Weekly and Fortnightly dividend option will have Dividend Reinvestment and Payout facility, the record dates being every Friday for the weekly option and 2nd and 4th Fridays for the fortnightly option.