Birla Sun Life AMC today announced dividends in three equity funds and one balanced fund scheme.
The first dividend of 50 per cent (Rs 5 per unit on face value of Rs 10) is an open-ended growth scheme, under the dividend option of Birla Sun Life Equity Fund, through a portfolio with target allocation of 90 per cent equity and 10 per cent debt and money market securities, a press release here stated.
The second dividend of 15 per cent (Rs 1.5 per unit on face value of Rs 10), under the dividend option of Birla Sun Life Top 100 Fund, is an open-ended growth scheme which seeks to provide medium-to-long-term capital appreciation by investing in a diversified portfolio of equity and its related securities of top 100 companies.
It also announced another dividend of 5.08 per cent under dividend option of Birla Sun Life Dividend Yield Plus, with an objective to provide capital growth and income by investing in a well-diversified portfolio of dividend paying companies.
The last dividend of 70 per cent was announced under Birla Sun Life 95 Fund with an objective of long-term growth of capital and current income through a portfolio of equity and fixed income securities.
The record date of all the four dividends is October 15.