Birla Mutual Fund has fixed December 8, 2006 as the record date for the declaration of dividend under Birla Sun Life Tax Relief '96. The quantum of dividend is 250 per cent.
The fund was launched in March 1996. This is the fourth dividend payout from the fund since its launch. The fund has a history of paying out huge dividends. In April this year, it had paid a 500% dividend. It has also paid out a 100% dividend in March 2004 and a 300% dividend in May 2000.