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Birla MF pays Quarterly Dividends in two Debt funds

Birla SunLife AMC has announced quarterly dividend pay-outs in Birla Income Plus and Birla Gilt Plus with record date as June 15, 2001.

The Investors in the Birla Income Plus will be entitled to a pay-out of 2.72 per cent (Rs 0.272 per unit). The fund has posted a total return of 13.29% with its initial gains riding on the back of high exposure to lower rated corporate instruments. However, with growing corpus the fund has shifted its focus on quality instruments.

The Investors in the Birla Gilt Plus' Liquid (short-term Gilt fund), Investment and Long term plans (medium to long-term Gilt funds) will be entitled to a payout of 2.27% (Rs 0.227 per unit), 3.63% (Rs 0.363 per unit) and 4.54% (Rs 0.454 per unit) respectively for the quarter. The three plans have doled out aggregate dividends of 12.3%, 12.69% and 13.69% respectively since launch in October 1999.