Mumbai:
Birla Sun Life AMC Ltd has announced a weekly dividend
under the dividend reinvestment option in Birla Cash Plus.
 The
plan has declared a weekly dividend of Rs 0.015 per unit
net of the dividend tax paid by the fund. The record date
for the dividend is 1 March 2002. All investors on record
in Plan A (dividend reinvestment) as on record will be
eligible for the dividend. The dividend is tax-free in
the hands of the investor.
Launched in June 1997, Birla Cash Plus is one of Indias
first liquid schemes. The scheme presents an ideal parking
opportunity for investors looking to deploy their short-term
surpluses and offers redemptions in 24 hours. The scheme
will be available on an ex-dividend basis from 4 March
2002.
Among income schemes, BSLAMC also manages Birla Income
Plus (one of Indias largest private sector income funds),
Birla Gilt Plus (a dedicated government securities scheme),
Birla MIP (a monthly
income plan and an open-ended income scheme with no assured
returns), and Birla Fixed Maturity Plan (a debt fund with
multiple plans).
Other funds managed by BSLAMC include Birla Advantage
Fund (a diversified equity product), Birla IT Fund (a
dedicated technology fund), Birla MNC Fund (a fund investing
only in MNCs), Birla Equity Plan (an open-ended, equity-linked
savings scheme), and Birla Balance (a balanced fund).
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