5% div announced under Birla Sun Life Dividend Yield Plus 28/10/2014

5% div announced under Birla Sun Life Dividend Yield Plus
28/10/2014 10:31
Birla Sun Life Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Dividend Yield Plus” on the face value of Rs 10 per unit.
The record date for the dividend is October 29. The latest NAV of the scheme is Rs 16.50.
The investment objective of the open-ended growth scheme is to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield. The performance of the scheme is benchmarked against S&P CNX 500 Equity Index. Nishit Dholakia is the fund manager of the scheme.