Birla Sun Life MF declares dividend for "Birla Sun Life Frontline Equity Fund"

Birla Sun Life Mutual Fund has declared 10.0000 per cent dividend under annual dividend payout option scheme named as "Birla Sun Life Frontline Equity Fund", on the face value of Rs 10 per unit.

The record date for the dividend was April 27, 2012. The NAV of scheme as on April 30, 2012 was at Rs 18.93.

As on March 31, 2012, the scheme allocated 98.5 per cent in equity, 1.2 per cent in net receivables and remaining 0.3 per cent in cash.

The investment objective of 'Birla Sun Life Frontline Equity Fund, an open ended equity-diversified fund, was to generate long term growth of capital Secondary objective: Income generation and distribution of dividend.

The performance of the scheme was standardized against BSE 200 Index (200 Cos) and Mahesh Patil was the fund manager of the scheme.