Birla Sun Life MF announces 27.60% div for its India Opportunities Fund 11/11/2014

Birla Sun Life MF announces 27.60% div for its India Opportunities Fund
11/11/2014 10:42
Birla Sun Life Mutual Fund has announced 27.60 per cent dividend under dividend payout option of scheme named as “Birla Sun Life India Opportunities Fund” on the face value of Rs 10 per unit.
The record date for the dividend is November 13. The latest NAV of the scheme is Rs 27.88.
The investment objective of the Open-ended growth scheme is to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: Leverage Indias intellectual capital for providing services, research and creative inputs; Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage Indias lower labour costs for providing services and manufactured goods; Leverage Indias large population of English speaking people for providing services. The performance of the scheme is benchmarked against S&P CNX 500 Equity Index (500 Cos). Naysar Shah is the fund manager of the scheme.