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Birla MF Introduces Daily/Monthly Dividends Options

Birla Sun Life Mutual Fund has introduced daily dividend option under Birla Floating Rate Fund-Short Term Plan with effect from May 20, 2005. The dividend declared would be compulsorily re-invested at ex-dividend NAV. Also, monthly dividend option has been introduced under the Birla Cash Plus- Institutional Premium Plan w.e.f May 20, 2005. The monthly dividend option offers payout and re-investment facilities.